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.
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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.
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