- Created by: Katie Beaumont
- Created on: 22-01-17 15:24
Theories of Globalisation
The 3 theories behind globalisation include:
- 1). Hyperglobalists
- 2). Globalisation Sceptics
- 3). Transformationalists
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The first theory of globalisation is HYPERGLOBALISM:
- This is the belief that new globalised economic and cultural patterns are inevitable.
- This is because of the increasing computerised financial trading communications.
- Such as moble phones, the internet and new technology becoming largely available.
- They also see the new epoch of economic and cultural globalisation largely eroding the relevance of nation states and state sovereignty, placing a greater importance on transnational organisations.
- E.g. TNCs, such as Apple and Nike have more influence than nation states, as they are greater economically and culturally.
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Globalisation sceptics are another theory of globalisation who believes:
- That globalisation is a fantasy.
- This is because they dismiss the integrated global economy.
- They argue that the overwhelming bulk of economic activity takes place within national borders, not across, dismissing the idea thaqt TNCSs have more power and influence.
- Therefore, they believe that foreign investment flows into the control of a few advanced economies.
- E.g. The USA and China economies control the global economy.
- They believe that multinational corporations are still tied primarily to their home states or regions, and these produce benefits for these states or regions.
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The third theory of globalisation is transformationalist:
- This accepts the changes in the economic and cultural patterns and processes of world politics.
- Whilst they dismiss the fact that traditional features have been removed altogether, by globalisation.
- This means that they believe that everything has not changed.
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