Assertion: Contemporary globalisation is quite unique and distinct from the globalisation experienced earlier in human history.
Reason: Globalisation has a strong historical basis, and it is important to view contemporary flows against this backdrop.
Answer & explanation
Correct answer: option 2
If globalisation is about the flows of ideas, capital, commodities, and people, it is perhaps logical to ask if there is anything novel about this phenomenon. Globalisation in terms of these four flows has taken place throughout much of human history. However, those who argue that there is something distinct about contemporary globalisation point out that it is the scale and speed of these flows that account for the uniqueness of globalisation in the contemporary era.
Globalisation has a strong historical basis, and it is important to view contemporary flows against this backdrop