Assertion (A) : The emergence of economic globalism does not imply the decline of socialist ideology. Reason (R) : The ideology of Socialism believes in universalism and globalism. In the context of the above two statements, which one of the following is correct ?

Both Assertion and Reason are true, and R correctly explains A. Socialism has historically posited internationalism and cross‑border solidarity, giving it a global orientation — the USSR’s promotion of communist parties and the Comintern illustrated socialism’s global face and transnational ambitions [1]. Scholarship on alternative or “socialist globalization” shows that socialist actors and Third World coalitions have sought global economic arrangements distinct from neoliberal capitalism, demonstrating that global economic integration can accommodate non‑capitalist projects rather than automatically erasing socialist ideology [2]. Thus the ideological commitment to universalism/globalism makes the emergence of economic globalism compatible with the persistence or adaptation of socialist thought and practice.

Sources

1. [1] India and the Contemporary World - I. History-Class IX . NCERT(Revised ed 2025) > Chapter 2: Socialism in Europe and the Russian Revolution > 5 The Global Influence of the Russian Revolution and the USSR > p. 46
2. [2] https://humanityjournal.org/wp-content/uploads/2014/06/HUM-6.1-final-text-BOCKMAN.pdf