Globalization

Globalisation is indeed a multi-dimensional concept involving political, economic, cultural, and technological dimensions. Statement 2 is incorrect as globalization covers a wide array of interconnected aspects that influence various sectors globally. The process of globalization affects national economies, cultures, and political systems.
Understanding Globalization: Globalization is often seen as a process of increasing interconnectedness and interdependence among the world's markets and businesses. It has various facets, including economic integration, cultural exchange, and political cooperation.

The correct option is (C): Globalization.

The correct linkages are as follows: \begin{itemize} \item A. Erosion of state capacity: Economic consequences, as global economic integration often reduces state control over domestic affairs. \item B. Rise of WTO: Political consequences, as the World Trade Organization influences international trade policies and state sovereignty. \item C. Internet: Technological consequences, as the rise of the internet has drastically changed communication, information access, and business. \item D. Heterogenisation: Cultural consequences, referring to the blending or mixing of cultures due to globalization. \end{itemize}
Context: These terms represent the various aspects of globalization that influence politics, economics, technology, and culture.