Match List- I with List- II

Choose the correct answer from the options given below:
1. A-IV, B-III, C-I, D-II
2. A-I, B-II, C-III, D-IV
3. A-II, B-IV, C-I, D-III
4. A-III, B-I, C-II, D-IV

4

Political Globalisation: At the most simple level, globalisation results in an erosion of state capacity, that is, the ability of government to do what they do. All over the world, the old ‘welfare state’ is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order and the security of its citizens.

The International Monetary Fund (IMF) and the World Trade Organization (WTO) play significant roles in shaping international economic policies. Their actions and policies can have direct economic consequences on countries, impacting things like trade, economic stability, and financial assistance. Their relevance increased due to Economic consequences of the Globalisation.

Globalisation has also led to the flow of ideas across national boundaries. The spread of internet and computer related services is a technological consequence of Globalsiation. The Internet is a technology that has had profound technological consequences. It has revolutionized communication, information access, and various aspects of daily life.

Heterogenization refers to the process of increasing cultural diversity or the mixing of different cultures. This can result in various cultural consequences, including the blending of traditions, the development of new cultural practices, and the enrichment of cultural diversity.
While cultural homogenization is an aspect of globalisation, the same process also generates precisely the opposite effect. Globalisation leads to each culture becoming more different and distinctive.  This phenomenon is called cultural heterogenization. This is not to deny that there remain differences in power when cultures interact but instead more fundamentally to suggest that cultural exchange is rarely one way.