In a globalized economy TNCs globalize capital and production extended reach. Global culture spread of patterns of consumption via mass media and culture of consumerism. Global Culture national identity and cultures. Model places too much emphasis on culture, minimizes economic influences. Not appropriate for social science research.
Globalization is a firm concept in sociology.
Unemployment doubled in industrialized countries, but rate is disguised. Real rate higher than that reported. Third World Structural Adjustment policies have led to mass problems. Export agriculture has led to exodus off land to cities. Capital revenues go up and wages and lifestyle decline.