Globalization can be defined as the growing interdependence between different people, regions, and countries in the world as social and economic relationships come to ___ worldwide.

Stretch

True or False: The process of globalization only involves economic dimensions and does not have any political or cultural aspects.

False. Globalization encompasses economic, political, and cultural dimensions.

The economic policy of ___ initiated in India in 1991 marked a significant shift in its economic structure towards a more open market.

Liberalization

What is the role of transnational corporations (TNCs) in globalization?

TNCs produce goods or market services in more than one country and play a crucial role in driving global economic integration.

Fill in the blank: The process of globalization has led to the emergence of a new international division of ___ where much of the routine manufacturing is outsourced to developing countries.

Labor

True or False: Globalization has uniformly benefited all sections of society, resulting in equal opportunities for everyone.

False. Globalization has affected different sections of society in vastly different ways, often benefiting the privileged while marginalizing others.

What does the term 'glocalization' refer to in the context of globalization?

Glocalization refers to the blending of global and local cultures, adapting global products to local markets.

Fill in the blank: The increase in global communication technologies has facilitated the ___ of time and space, allowing instant connections across the globe.

Compression

What has been a major consequence of the liberalization policy on India's agricultural sector?

Liberalization has led to increased competition from imported goods, which can undermine local farmers' livelihoods.

True or False: The digital divide in India has resulted in equal access to technology for both urban and rural populations.

False. The digital divide indicates a significant gap in technology access between urban and rural areas.

Fill in the blank: The ___ revolution has transformed the way we work and live by enhancing communication and information sharing globally.

Information

Discuss the impact of globalization on traditional crafts and knowledge systems.

Globalization has threatened many indigenous crafts and knowledge systems by introducing competition from mass-produced goods, leading to a decline in traditional practices.

What is the significance of the World Trade Organization (WTO) in the context of globalization?

The WTO plays a critical role in regulating international trade and establishing rules that affect global economic practices.

Fill in the blank: The phenomenon where large multinational companies influence local cultures while adapting to local preferences is known as ___.

Glocalization

Globalisation is primarily driven by ___ and ___ technologies.

Information and communication