Question

Mention any two characteristics of Globalization.

Hint:

Globalization can be remembered through the keywords “integration” and “interconnection” — economies and cultures coming together.

Answer 1

Globalization refers to the increasing interconnectedness of economies, societies, and cultures across the world. It is driven by trade, technology, communication, and movement of people and ideas. Two major characteristics of globalization are: 1. Integration of Economies:
Globalization leads to the free flow of goods, services, capital, and technology across national boundaries. Countries become economically interdependent through international trade, foreign investments, and multinational corporations. For example, products like smartphones are manufactured with components sourced from multiple countries.
2. Cultural Exchange and Interconnection:
Globalization is not limited to economics alone; it also promotes cultural interaction. Ideas, values, food habits, music, and lifestyles spread from one region to another. This has created a “global culture” where people in different parts of the world can access and share similar cultural experiences.
Conclusion:
Thus, globalization is characterized by both economic integration and cultural interconnection. While it creates opportunities for growth and innovation, it also raises challenges like cultural homogenization and unequal economic benefits.