4) While globalization has resulted in a higher standard of living for many people, its benefits have not been extended equally. Which theory do you think best explains why this is so and why? 5) Explain the development of globalization from a world system theoretical perspective. 6) Compare the benefits and drawbacks of each of these theories: modernization, dependency, and world systems. 7) Discuss the three factors contributing to globalization and then state which one you think is the most influential, and why.