Which of the statements is true about globalization?

The correct option is: Globalization is a multi-dimensional phenomenon.

To understand why this is the correct statement, let's break down the nature of globalization and analyze each of the provided options:
1. Economic, Cultural, and Political Dimensions: Globalization cannot be restricted to a single domain. While it heavily involves the flow of capital, goods, and services across borders (economic), it also leads to the exchange of ideas, values, languages, and lifestyles (cultural), and influences global governance, international treaties, and state sovereignty (political). Therefore, describing it as "purely economic" or "purely cultural" is incorrect.
2. Unequal Impact: Globalization does not affect all states and societies in the same way. Its impact is highly uneven, bringing immense wealth and connectivity to some regions while marginalizing others. Thus, stating that it has a "universal impact on all states and societies" is inaccurate.
3. Conclusion: Because globalization simultaneously operates across and integrates economic, political, cultural, and technological spheres, it is correctly characterized as a multi-dimensional phenomenon.