Title: Theoretical Foundation Of Globalization: The World Systems, Modernization, And Dependency.
Authors: Mgbemena
Ijeamaka Charity
Volume: 8
Issue: 5
Pages: 38-42
Publication Date: 2024/05/28
Abstract:
This paper initiates from the position that globalization is hinged on theoretical bases- the first is the world system theory, the modernization theory, and the dependency theory- with peculiar assumptions. This paper presents the history, tenets, and limitations of each theory that explains the rise and stabilization of the phenomenon of globalization. The globalization process itself brings together countries with different development views, with different religions and cultures, and, most importantly ex colonialist countries and their old colonies. This paper concludes that globalization is a complex and multifaceted phenomenon.