5. Explain the four great waves of theoretical approaches in globalization

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5. Explain the four great waves of theoretical approaches in globalization

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Answer 1

Answer #1

The Four Great Waves of theoretical approaches in globalization are as :

1. Modernization : An economy need to go modern in order to compete with rest of the world

2. Dependency. : Balance of import and export need to be maintained at par

3.World-systems.: Competitive Market and Increase in Technology need to be enhanced

4.Globalization

These are principal theoretical explanations to interpret development efforts carried out especially in developing countries

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