Question

Globalization involves which of the following?

• A. A stretching of social, political, and economic activities across political frontiers.
• B. A growing magnitude of interconnectedness in almost every sphere of social existence.
• C. An accelerating pace of global interactions and processes associated with a deepening enmeshment of the local and the global.
• D. All of the above

Answer 1

The correct option is D All of the above

• Globalization can usefully be conceived as a process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions, generating transcontinental or interregional flows and networks of activity, interaction and power.
• It is characterized by four types of change:
  - First, it involves a stretching of social, political and economic activities across political frontiers, regions and continents.
  - Second, it suggests the intensification, or the growing magnitude, of interconnectedness and flows of trade, investment, finance, migration, culture, etc.
  - Third, the growing extensity and intensity of global interconnectedness can be linked to a speeding up of global interactions and processes, as the evolution of world-wide systems of transport and communication increases the velocity of the diffusion of ideas, goods, information, capital, and people.
  - Fourth, the growing extensity, intensity and velocity of global interactions can be associated with their deepening impact such that the effects of distant events can be highly significant elsewhere and even the most local developments may come to have enormous global consequences. In this sense, the boundaries between domestic matters and global affairs can become increasingly blurred.