24.4 Which of the following statements best describes our understanding of the term
'globalization?
a) Globalization refers to the process by which shared hegemonic values pervade societies
across the globe, drawing them into an ideological community, most often based on the
economic principles of capitalism.
b) Best described as intensification of worldwide social relations and increasing
interdependence, globalization is the result of the compression of space and time through the
development of new technologies,
c) Globalization is best described as the 'shrinking of the global community, drawing people
into closer contact with one another primarily at the economic and technical levels.
d) Globalization process is a direct result of technological advancement in communications
and travel industries that facilitate the efficient transportation of physical objects, people and
ideas across the globe,
Answers
Answer:
24.4 Globalization refers to the process by which shared hegemonic values pervade societies across the globe, drawing them into an ideological community, most often based on the economic principles of capitalism.
A) Globalization refers to the process by which shared hegemonic values pervade societies across the globe, drawing them into an ideological community, most often based on the economic principles of capitalism.
B) Best described as intensification of worldwide social relations and increasing interdependence, globalization is the result of the compression of space and time through the development of new technologies.
C) Globalization is best described as the 'shrinking' of the global community, drawing people into closer contact with one another primarily at the economic and technical levels. This process began in the early 20th century and was based on the ideological expeditions that originated from western Europe.
D) Globalization boosts technological development
Globalization boosts technological development First, globalization allows countries to gain easier access to foreign knowledge. Second, it enhances international competition—including as a result of the rise of emerging market firms—and this strengthens firms' incentives to innovate and adopt foreign technologies.