Globalisation is a multi-dimensional concept. It has political, economic and cultural manifestations, and these must be adequately distinguished. The impact of globalisation is vastly uneven. It affects some societies more than others. It is important to avoid drawing general conclusions about the impact of globalisation without paying sufficient attention to specific contexts. Globalisation as a concept fundamentally deals with flows. These flows could be of various kinds- ideas moving from one part of the world to another, capital shunted between two or more places, commodities being traded across borders, and people moving in search of better livelihoods to different parts of the world.

The process of Globalisation

A. affects almost every society.

B. involves flow of various kinds.

C. Does not deal with individuals.

D. Wherein commodities cannot be traded across borders.

E. impact varies on the basis of context.

Choose the correct answer from the options given below:

A, B, E only

The correct answer is option (2) - A, B, E only

Statements A, B and E are correct. The following statements are incorrect:

C. Does not deal with individuals (globalisation deals with individuals).
D. Wherein commodities cannot be traded across borders (due to globalisation, commodities can be traded across borders).

Globalisation is a multi-dimensional concept. It has political, economic and cultural manifestations, and these must be adequately distinguished. It is wrong to assume that globalisation has purely economic dimensions, just as it would also be mistaken to assume that it is a purely cultural phenomenon. The impact of globalisation is vastly uneven — it affects some societies more than others and some parts of some societies more than others — and it is important to avoid drawing general conclusions about the impact of globalisation without paying sufficient attention to specific contexts.

Globalization as a concept fundamentally deals with flows. These flows could be of various kinds — ideas moving from one part of the world to another, capital shunted between two or more places, commodities being traded across borders, and people moving in search of better livelihoods to different parts of the world. The crucial element is the ‘worldwide interconnectedness’ that is created and sustained as a consequence of these constant flows.