Explain the different dimensions of globalization.
Globalization is the process by which a business or any organization can develop International influence or can start operating on an international level. It has four dimensions.
1. Economic globalization: It is the expansion of the economic relations of a country with other countries of the world. It includes activities such as a new economic order, internationalization of trade and increasing the role of International Trade institutions.
2. Military globalization: It is the expanding of the military powers of the country across the globe.This involves nuclear military weapons, radiation weapons, etc. It can be both progressive or defensive.
3. Political globalization: It is the expansion of political relations across the world such as enhancing the role of global governance, developing a modern nation-state system and the direction of the Global political system.
4. Cultural group globalization: It is the expansion of cultural relations across the world. It is a very broad concept that includes many entities such as globalization of language, culture, etc.
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