Question
Download Solution PDF---------- refers to the growing interdependence between different people, regions, and countries due to worldwide social and economic relationships?
Answer (Detailed Solution Below)
Option 2 : Globalisation
Detailed Solution
Download Solution PDFThe correct answer is - Globalisation
Key Points
- Globalisation
- Refers to the growing interdependence among different people, regions, and countries worldwide.
- Driven by the development of information and communication technologies that intensify the speed and scope of interaction.
- It involves economic, political, and cultural dimensions, reflecting its multifaceted nature.
- Includes both social and economic relationships that stretch globally, transcending geographical barriers.
Additional Information
- Glocalisation
- A process of mixing global and local influences to create unique cultural phenomena.
- Often used by businesses to adapt global products to fit local tastes and preferences.
- It is not entirely spontaneous and is usually linked to commercial interests.
- Migration
- Typically refers to the movement of people from one place or country to another for various reasons such as economic opportunities, safety, or family reunification.
- Industrialisation
- The process whereby an economy is transformed from primarily agricultural to one based on the manufacturing of goods.
- Involves technological and social changes, leading to urbanization and the development of infrastructure.