Question

Concept of globalisation and various approaches to globalisation

Answer 1

The term globalization is multi dimensional, and therefore it can be complex in its definition. It is a method where all political, economic, cultural and social activities start operating at a international level. ... There are 3 approaches to globalization, internationalist, transformationalist and globalist.

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Answer 2

Explanation:

Globalisation. ... Neo-colonialism emerged in the form of advocacy of freetrade and free-market economy (globalisation). The rich nation formed G-7 in 1975 to further their economic interests. Thereby they secured access in the underdeveloped and the developing countries.