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Globalisation

Question

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Define globalisationas as a multi-dimensional concept.

Solution

Globalisation as a concept fundamentally deals with flows i.e., flows of ideas, capital, commodities and people.The crucial elements is the 'worldwide interconnectedness' that is created and sustained as a consequences of theese flows.

Globalisation is a multi-dimensional concept. It has political, economic and cultural manifestations. Politically it results in an erosion of state capacity because in place of the welfare state, it is the market that determines the economic and social priorities. Economically globalisation has resulted in four kinds of flows i.e., of ideas, commodities, capital and people. Culturally too, globalisation leads to cultural homogenisation or heterogenisation.

Some More Questions From Globalisation Chapter

Which of the statements are TRUE about the causes of globalisation ?

Which of the statements are TRUE about globalisation ?

Which of the statements are FALSE about globalisation?

What is worldwide interconnectedness ? What are its components ?

How has technology contributed to globalisation ?

Critically evaluate the impact of the changing role of the state in the developing countries in the light of globalisation.

What are the economic implications of globalisation ? How has globalisation impacted on India with regard to this particular dimension ?

Do you agree with the argument that globalisation leads to cultural heterogeneity ?

How has globalisation impacted on India and how is India in turn impacting on globalisation ?

Name any one cause of globalisation.

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