THEORIES OF

GLOBALIZATION
IMPERIALISM

methods employed by one nation‐

state to gain power over an area(s)
and then to exercise control over it.
Economic interest
Political Interest
COLONIALISM
Creation by a colonial power of an administration in
an area that has been colonized to run its internal
affairs.
DEVELOPMENT THEORY
 • “Encouraging” countries
IMPORT- (usually in the South) to
develop their own industries,
SUBSTITUTI instead of producing for
ON export and relying on
imports.
FOREIGN DIRECT
INVESTMENT

Investment by a firm in one

nation‐state in a firm in
another nation‐state with the
intention of controlling it.
DEPENDENCY THEORY

CC PC

1. INTERNATIONAL DIVISION
OF LABOR

2. CLASS DISTINCTION

3. GLOBAL CAPITALISM

UNDERDEVELOPMENT

CP PP
NEO LIBERALISM