Which of the following statements are correct about globalisation?

(A) Globalisation is about the flow of ideas, capital, commodities, and people.
(B) Globalisation is a multi-dimensional concept. It has political, economic and cultural manifestations, and these must be adequately distinguished.
(C) Globalisation is not caused by any single factor; technology remains a critical element.
(D) Globalisation has a strong historical basis and it is important to view contemporary flows in this backdrop.

Choose the correct statements from the options given below:

(A), (B), (C) and (D)

The correct answer is Option (3) → (A), (B), (C) and (D)

(A) Globalisation is about the flow of ideas, capital, commodities, and people. (Correct). Globalisation is fundamentally the interconnectedness of the world through the movement of these four key elements. For example, ideas spread through the internet, capital flows through international investments, commodities are traded across borders, and people move for work, study, or travel.
(B) Globalisation is a multi-dimensional concept. It has political, economic and cultural manifestations, and these must be adequately distinguished. (Correct). Globalisation is not just an economic phenomenon. It has political effects, such as the increased influence of international organisations and the spread of democracy; economic effects, like global trade and interconnected financial markets; and cultural effects, such as the blending of different traditions and the spread of popular culture.
(C) Globalisation is not caused by any single factor; technology remains a critical element. (Correct).It has no single cause, though technology is a critical driver.
(D) Globalisation has a strong historical basis and it is important to view contemporary flows in this backdrop. (Correct). Globalisation is not a new phenomenon. Historical periods like the age of exploration, colonialism, and the Silk Road demonstrated interconnectedness long before the modern era. Understanding these historical precedents helps to contextualise current global trends.