Which of the statements are true about globalisation?a)Globalisation i...
Globalisation is a multidimensional phenomenon that encompasses various aspects beyond just the economy. It is not limited to a specific time period or region, and it is distinct from westernisation. Let's explore these points in detail:
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Globalisation is not purely an economic phenomenon:
Globalisation involves the integration of economies, societies, cultures, and political systems around the world. While economic factors play a significant role in globalisation, it is not solely driven by economic forces. It also involves the exchange of ideas, information, technology, and cultural values.
Globalisation did not begin in 1991:
The process of globalisation has been ongoing for centuries, with various historical events and advancements contributing to its development. The idea of interconnectedness and global interactions can be traced back to ancient times through trade routes, exploration, and cultural exchange.
Globalisation is not the same thing as westernisation:
Westernisation refers to the spread and adoption of Western culture, values, and practices. While globalisation can lead to the diffusion of Western ideas, it also involves the exchange of diverse cultures from around the world. Globalisation promotes the interconnectivity and interdependence of all regions, allowing for the exchange and integration of multiple cultural influences.
Globalisation is a multidimensional phenomenon:
Globalisation encompasses various dimensions, including economic, political, social, and cultural aspects. It involves the liberalisation of trade and finance, the movement of goods and services, the flow of capital and investments, the exchange of technology and information, and the migration of people. Furthermore, globalisation impacts political systems, shapes social norms, and influences cultural practices.
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In summary, globalisation is a multidimensional phenomenon that goes beyond the economic sphere. It is an ongoing process that has been occurring for centuries and is not limited to a specific region or time period. While it can involve the diffusion of Western ideas, globalisation encompasses the exchange of diverse cultures, values, and practices from around the world. It impacts various aspects of society, including the economy, politics, society, and culture.
Which of the statements are true about globalisation?a)Globalisation i...
Globalisation refers to integration of an economy with the other countries based on interdependence. It is a multidimensional concept having political, economic, cultural manifestations. It is the process of exchange of ideas, capital commodities and people.