Globalization and the Dependency Theory Essay example

Globalization became a worldwide phenomenon with the growth of market economy and information technology. With globalization, the operators of companies and enterprises could use resources, management, expertise, information and labour of the entire world to manufacture the goods in the most appropriate areas, and then sell the produce to the areas which require them, to accomplish the most favourable distribution of resources in the world. This caused enterprises and countries to break out the boundaries of the local resources and markets, starting a competition with others in a broader sense to accomplish development. Globalization brings states and regions together by reducing the distances between each other and increasing the degree†¦show more content†¦This unequal distribution has not only facilitated the developed or core states to progress and obtain higher standards of living but also pave the way for them to keep doing it. Although it is right that globalization p romotes free trade among the states and unites them, but there are also negative outcomes, which states whether rich or poor try to protect their own interests? These negative outcomes of globalization have made the dependency theory significant in describing the state of affairs in the present world. Poor countries attempt to protect their national markets and become self-reliant (Hewison, 1999). Self-reliance can be seen as supporting a strategy of controlled relations with the world economy. Poor nations should only approve relations on the condition that the relations will enhance the societal and financial well being of the larger population. However, endeavour by the peripheral states to oppose the impact of dependency can result in results in financial sanctions and/or military attack (Sen, 2010). One example of such resentment against globalization is â€Å"localismâ€Å"that surfaced during the financial crisis in Thailand (Hewison, 1999). Localism is an illustration of p opulist response to the changes and disparities created by globalization. Localism gained substantial energy from the Thai King’s speech in 1997, where he recommended a self-contained economy to counter the negative effectsShow MoreRelatedDependency Theory And Globalization Theory866 Words   |  4 PagesThere is much criticism that modernization theory is Eurocentric. Do you think dependency theory and globalization theory are also biased? Why or why not? Yes I do think that both theories are biased, and somehow both have Eurocentric approaches. The globalization theory has failed to overcome the relationship with the dependency theory. To me both theories are highly abstract and they are also connected. For example, those in favor of the dependency theory indicate that industrialization and capitalRead MoreThe Modernization Theory, The Dependency Theory And The Globalization Theory1552 Words   |  7 Pagesinequality and stratification. Three of the most important theories are the modernization theory, the dependency theory, and the globalization theory. While the first implies that the Western European socioeconomic model is superior, the other two make no such insinuations; however, they do reflect different point of views. Moreover, while the most pertaining theory for explaining inequality moving forward seems to be the globalization theory, there is a need to view them separately first and compareRead MoreModernization : A Principle That Looks At The Domestic Elements Of A Rustic With The Belief That Essay1474 Words   |  6 Pagessystem of modernization and as a result that falls into internal conflicts on the way to useful resource the system of modernization due to shortage of resources. On the other hand modernization has through the years been hastened with the aid of globalization- as the arena has come to be integrated on many stages (political, economic, and social); modernization has been capable of spread across borders via the truth that it has recommended the development of an international financial system that focusesRead MoreThe Acknowledgement Of Core And Peripheral States On Global Stage902 Words   |  4 Pagesestablished states challenging to narrow. Imperialism and dependency theories were therefore begotten to explain complicated relationships between nations, among them the flow and tendency of influence. While these two get their own criticism, in the age of globalization, the notion of interdependence threatens the validity of such theories (Hesmondhalgh, 2008). However, this essay attempts to argue that imperialism and dependency theories are still applicable to communications policy field in a worldRead MoreThe Role Of Power In International Communication1391 Words   |  6 Pagesmight argue that globalization has facilitated the exchange of information, reducing the likelihood of such flaw from happening. Yet, another perspective towards globalization and international communication might show how globalization exacerbates the issue. In today’s world, globalization and international communication always interact with each other. Globalization eases the process of international communication, while international communication affects how globalization works. AssociatedRead MoreEconomic Theory, Democracy, and the Progressive Church690 Words   |  3 PagesEconomic Theory, Democracy, and the Progressive Church The overriding difference between modernization theory and dependency theory is that where modernization theory contends that there are universal practices that result in economic success, dependency theory states that poor countries are subordinated by wealthier ones in order to maintain the status quo. To this end, modernization theory involves the belief that by adopting principles of wealthy nations, such as technology and mass cultureRead MorePoverty.A Word That Has Haunted The World For Years. Poverty1724 Words   |  7 Pages140 for a family of 7. The numbers presented are staggering and also unsettling. Poverty eradication theories have been presented and eradication may seem like a long shot for poverty but it s definitely worth a try. From a realists point of view poverty may always exist but from an idealistic point of view we can make substantial progress in the fight against poverty. Based on the realism theory poverty will always haunt us. Realist tend to view situations as they are, nothing more nothing lessRead MoreConstructivism, Symbolic Interactionism And Social Conflict Theory1509 Words   |  7 PagesSuch theoretical approaches of functionalism, symbolic interactionism and social conflict theory allow us to critically analyse and discuss the importance of globalisation, giving deeper insight into this social phenomenon. Globalisation according to Giddens is the intensification of worldwide social relations which distant localities in such a way that local happenings are shaped by an event occurring many miles away and vice versa (1990, p.64). Due to the advancement in technology, globalisationRead MoreThe Global North/South Divide1724 Words   |  7 Pagesdefined as the global north and the global south. The theory of the Global North and Global South is a new geopolitical perspective. It divides the world into two blocs – the industrialized cou ntries of the global North and the poor countries of the South on the global level of analysis. While â€Å"Global South† is sometimes used as a synonym for the more familiar â€Å"third world† that term has fallen into disfavor. This essay looks at globalization and discusses how it has exacerbated the pre-existingRead MoreThe Development Of Tourism Development1286 Words   |  6 Pagesby the development of tourism. For instance, the rise of tourism attractions which attract tourist as well as creating jobs for locals. It clearly shows that benefits are equally distributed between these two parties. 2. How changes in development theory have influence changes in tourism development While development could bring in all sorts of benefits, Telfer (2015) argues it still remains problems that tourism has not been solved. This include poverty, famines, violation of human rights and the