Theories of Globalisation


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

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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