Question:
Which of the statements is true about globalization?
Which of the statements is true about globalization?
Updated On: Mar 28, 2025
- Globalization is purely an economic phenomenon
- Globalization is purely a cultural phenomenon
- Globalization is a multi-dimensional phenomenon
- Globalization has had a universal impact on all states and societies
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The Correct Option is C
Solution and Explanation
The correct statement about globalization is that it is a multi-dimensional phenomenon.
Additional Context:
- Globalization encompasses economic, cultural, political, and technological dimensions
- Economic aspect: Global trade, financial flows, and multinational corporations
- Cultural aspect: Spread of ideas, values, and cultural products worldwide
- Political aspect: Growing importance of international organizations and global governance
- Technological aspect: Digital connectivity and information exchange
- Impacts vary significantly across different regions and societies
Correct Answer: (3) Globalization is a multi-dimensional phenomenon.
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