Which of the following statements is NOT correct about ‘Globalisation’?

Correct option is C

The correct answer is (C) It helps in alleviating problems and increased sustainable development benefits

Globalization and Its Impact
Globalization drives economic growth, trade expansion, and technological advancement, but it does not inherently solve global problems or ensure sustainable development. It can increase income inequality, labor exploitation, and environmental degradation if not managed properly.

Information Booster

• Boosts trade, investment, and innovation but can widen wealth gaps
• Encourages cultural exchange but may lead to cultural homogenization
• Expands digital connectivity but raises cybersecurity risks
• Creates job opportunities but can also lead to outsourcing and unemployment
• Drives industrial growth but contributes to climate change

Additional Information
(A) It helps to create a borderless world – Correct, as it reduces trade barriers and promotes global connectivity
(B) It encourages flows of investment, people, and information – Correct, as it enhances economic and social integration
(D) It is the process of interaction and integration among people – Correct, as it fosters cross-cultural and economic exchanges