Modernization and globalization are leading to:

Loss of traditional art forms
Transformation of cultural practices
Erosion of indigenous knowledge
All of the above

The correct answer is: All of the above.

Modernization and globalization are leading to the loss of traditional art forms, the transformation of cultural practices, and the erosion of indigenous knowledge.

Traditional art forms are often passed down from generation to generation, and they can be a way for people to connect with their heritage and culture. However, as modernization and globalization take hold, these art forms are often lost or forgotten. This can be due to a number of factors, such as the introduction of new technologies, the migration of people to new areas, and the changing values of society.

Cultural practices are also being transformed by modernization and globalization. For example, the way people celebrate holidays, the way they dress, and the way they interact with each other can all be influenced by these forces. In some cases, these changes can be positive, such as when they lead to greater understanding and tolerance between different cultures. However, in other cases, they can lead to the erosion of traditional cultural practices and values.

Indigenous knowledge is also being eroded by modernization and globalization. Indigenous knowledge is the knowledge that has been passed down through generations of people who have lived in a particular area. It can include knowledge about the environment, about plants and animals, and about traditional ways of life. However, as modernization and globalization take hold, this knowledge is often lost or forgotten. This can be due to a number of factors, such as the displacement of indigenous peoples, the introduction of new technologies, and the changing values of society.

The loss of traditional art forms, the transformation of cultural practices, and the erosion of indigenous knowledge are all negative consequences of modernization and globalization. These changes can lead to a loss of cultural identity, a sense of alienation, and a feeling of being disconnected from the past.