Question

Global dimensions and globalization are not independent of each other. There is overlap. Where is the overlap?

Answer 1

Answer

✓ globalisation refers to the integration of world economy, that makes the world a single market for easy transactions of products, services, and knowledge. Global dimensions involves consideration of world's economic, social, ecological, and political interests and conditions. Globalisation is a wider market, that have sub elements or components as global dimensions. These dimensions and globalisation are not independent, they overlap with each other because, globalisation involves these dimensions and these dimensions helps to strategies each nation for becoming economically, socially, politically and environmentally stable.

Globalisation makes every country to consider these dimensions to operate on an international levels. It supports business firms to compete on global levels by understanding and prioritising the global dimensions for growing along with the economy, people and to achieve success. Thus, globalisation and it's dimensions overlap and have to be considered alongside for world development and sustainability.