If globalization is about global interconnections we can ask whether this is really a new phenomenon. Was India or the different parts of the world not interacting with each other in earlier times? India was not isolated from the world even two thousand years ago. We have read in our history textbooks about the famous Silk Route, which centuries ago connected India to the great civilizations, which existed in China, Persia, Egypt, and Rome. We also know that throughout India’s long past, people from different parts came here, sometimes as traders, sometimes as conquerors, and sometimes as migrants in search of new lands and settled down here. In remote Indian villages often people ‘recall’ a time when their ancestors lived elsewhere, from where they came and settled down where they now live.

From the given options, what constitutes the major political change at the national and global level that lead to the globalization and liberalization of economies in the world?

The collapse of the World Trade Centre. The collapse of the erstwhile socialist world. The collapse of the Berlin Wall. All of the above.

The collapse of the erstwhile socialist world.

The collapse of the erstwhile socialist world hastened the globalization of capitalist economies.