i. “Globalization is a multi-dimensional concept” Justify.

Question

Read the following passage and answer the questions below

Globalization as a concept fundamentally deals with flows. These flows could be of various kinds- Ideas moving from one part of the world to another, capital shunted between two or more places, commodities being traded across borders, and people moving in search of better livelihoods to different parts of the world. The crucial element is the worldwide ‘interconnectedness’ that is created and sustained as a consequence of these constant flows. Globalization is a multi-dimensional concept. It has political economic and cultural manifestations and these must be adequately distinguished.

i. “Globalization is a multi-dimensional concept” Justify.

ii. In Globalization, the crucial element is the ‘worldwide interconnectedness’. Substantiate the statement with two suitable examples.

iii. How the disintegration of USSR helped in spreading globalization around the world?

Answer 1

i. Globalization is a multi-dimensional concept. It has its political, economic and cultural aspects. It is neither purely economic nor a purely cultural phenomenon.

ii. In Globalization the crucial element is the ‘worldwide interconnectedness. e.g.,

a. Movement of capital from one place to another.

b. People moving in search of better livelihoods to different parts of the world.

c. Commodities being traded across borders.

iii. The disintegration of USSR helped in spreading Globalization around the world

a. With the disintegration of USSR and fall ** regimes in East **** countries the ideology of communism was replaced by the ideology of capitalism.

b. The spread of capitalism to the Second World further speeded up the process of globalization.