John Christoper U.
Ocampo BS CRIM-1K 20/09/2022
Provide the advantages Advantages
and disadvantages of
globalization according to
the following theories:
Hyperglobalists Globally, multinational
firms serve as the primary
drivers of economic
activity by concentrating
massive resources market
integrated on the world
level and the domination
of global capitalism has
been made legal as the
globe has reached a Global
age.
Transformationalists It's more moderate in
terms of emphasis on the
ubiquity and linearity of
the globalization process
also the "compression" of
space and time to increase
the overall integration and
speed of socioeconomic
movements.Create
institutions of democracy
and cosmopolitan
confidence.
Skeptics Importance of national
economies in pursuing
economic liberalization
and fostering cross-border
business is stressed.
Structural Presents an understandable
result of the development
of society, and It has legal
Disadvantages
In front of the distinctive
social pattern, which is
built on markets and
institutions generated from
the radically liberal
cultural framework, the
full diversity of various
cultures withers. Also, the
modern economy's
intensity and dynamics
cause changes in the
fundamental structure of
social action. It's stressed
that the intensity and
dynamics of current
changes in the economy
lead to changes in the core
framework of social
action.
The unintended
consequences of
modernity forces are
global risk and the new
global threat, according to
their assessment of
progressivism's effects and
denial of the globalization
skeptics' theory.
The level of integration
and openness of today's
economy is not
unprecedented
Each nation faces
particular cultural and
financial challenges. Each
 procedure that is a part of
socioeconomic dynamics.
Conjuctural It combines technological
economic trends with
particular historical
circumstances and political
frameworks that define its
identity.
Social-Constructivist. Appropriate economic
tendencies and their
categorization as part of
the globalization concept
also, It became a product
of social and ideological
construction
economy should be able to
produce what suits them
best on the basis of
structural transformation.
When it comes to a
nation's progress, there are
unequal benefits.
Promoting a social
constructivist atmosphere
will cause us to lose sight
of the concept of objective
truth.