Solution:Globalization means the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. It raises the degree of independence resulting in lesser control over the domestic economy and loss of economic sovereignty.
The globalization of production is concomitant to the globalization of trade. As one can't function without the other. Exports nearly doubled from 8.5% of total gross world product in 1970 to 16.2% in 2001.
Since the 1970s, aviation has become increasingly affordable to middle classes in developed countries. The term globalization as it's used today came to prominence in the 1980s, reflecting several technological advancements that expedited international transactions.
Therefore (A), (C), (D) option is correct. Although Globalization is the recent trend in trade but recently it can be seen from the various countries and Union of countries that protectionism is on rise to protect the domestic goods production from foreign cheap low quality products, So, Option B is incorrect