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Consider the following statements:

  1. Globalization is an ongoing process starting from the dawn of civilization
  2. Some scholars find origins of globalization in the expansion of imperialism in Asia and Africa by European powers.
  3. Globalization came about with the revolution in transport and communication technologies during 19th and 20th centuries.
  4. The process of globalization was increasingly felt only in 1970s.

    Ai only

    Biii only

    CNone of these

    DAll of these

    Answer:

    D. All of these

    Read Explanation:

    • Globalisation refers to a process by which the planet earth is considered to be one single unit or a global village where social and economic interaction among the people are guided and
      conditioned accordingly.
    • The world is supposed be a global society with global issues and problems which are to be tackled with global efforts and cooperation.

    Historical  Background of Globalization

    • Globalisation is often viewed as an on-going process.
    • It is very difficult to determine the exact period or time when this process started.
    • Although Historians mainly trace the process from the dawn of the civilization.
    • They find origins of globalisation in the expansion of imperialism in Asia and Africa by the European Powers notably the Great Britain
    • There are another arguements that globalisation came about with the revolution in transport and communication technology and they find its period in either 19th century or 20th century.
    • Despite these arguementst the fact remains that the process of globalisation was increasingly
      felt only in 1970's.

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    How has globalization affected labor markets worldwide?

    1. It has contributed to the displacement of jobs in some sectors due to outsourcing and automation.
    2. It has increased the outsourcing and offshoring practices across various industries.
    3. It has intensified competition for jobs globally, leading to wage stagnation in some sectors