Asked by tyler wigfield on May 02, 2024

verifed

Verified

Describe these well-known people (or categories of people)who would typically support the modernization theory of globalization and explain why they do.

Modernization Theory

A theory suggesting that societies progress through similar stages of development towards becoming modern societies, characterized by industrialization, urbanization, and increased living standards.

  • Discriminate between the concepts of glocalization, modernization theory, and dependency theory as they relate to globalization.
verifed

Verified Answer

EA
Ernesto AguiluzMay 04, 2024
Final Answer :
The modernization theory of globalization is often supported by well-known people or categories of people who believe in the idea that economic development and technological advancement are essential for the progress of societies. This theory suggests that as countries modernize and adopt Western values and technologies, they will experience economic growth and social development.

One category of people who would typically support the modernization theory of globalization are business leaders and entrepreneurs. They believe that globalization and modernization create new opportunities for trade, investment, and innovation, which can lead to economic prosperity and improved living standards. They see globalization as a way to access new markets, resources, and talent, and to stay competitive in the global economy.

Another category of people who would support the modernization theory are political leaders and policymakers who believe in the benefits of free trade, deregulation, and privatization. They see globalization as a way to attract foreign investment, create jobs, and stimulate economic growth. They also believe that modernization can lead to political stability, democratization, and the spread of liberal values.

Academics and intellectuals who study development and globalization may also support the modernization theory. They see globalization as a way to spread knowledge, technology, and best practices, which can help countries overcome poverty, inequality, and underdevelopment. They believe that modernization can lead to cultural exchange, social progress, and the improvement of human rights.

Overall, those who support the modernization theory of globalization tend to believe that economic and technological progress are essential for the advancement of societies, and that globalization can bring about positive changes in the world.