Question

Explain the meaning of Globalization.

Answer 1

Step 1: Definition:
Globalisation is the process of increasing interconnectedness between countries and people, driven by flows of capital, goods, services, technology, and ideas across national borders.

Step 2: Dimensions:
It has economic (free trade, multinational corporations), political (weakening of some state controls, rise of international institutions), and cultural (spread of ideas, media, and consumption patterns) dimensions.

Step 3: Debate:
It is a contested process — supporters see it as a source of growth and opportunity, while critics argue it increases inequality between and within countries and erodes local cultures and state autonomy.