Globalisation is indeed a multi-dimensional concept involving political, economic, cultural, and technological dimensions. Statement 2 is incorrect as globalization covers a wide array of interconnected aspects that influence various sectors globally. The process of globalization affects national economies, cultures, and political systems.
Understanding Globalization: Globalization is often seen as a process of increasing interconnectedness and interdependence among the world's markets and businesses. It has various facets, including economic integration, cultural exchange, and political cooperation.