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The document discusses three main theories of globalization: 1) The World-Economy Theory sees globalization as spreading capitalism worldwide, making nation-states obsolete and empowering corporations. It views the process as largely complete. 2) The Regional Bloc Theory is more skeptical, seeing globalization as growth of regional trading blocs rather than a single world market, and questioning the benefits of unchecked capitalism. 3) The Third Way Theory seeks a balance, recognizing global forces bu

Author

Aj Pajimula

Language

EN