Final answer:
Deterritorialization in modernity comprising of technological advancements, international trade, and international labor divisions, is a key requirement for globalization, enabling economic activity over long distances, cultural exchanges, and competitive labor markets, but also introducing challenges like environmental damage and uneven market competition.
Step-by-step explanation:
The three main forms of deterritorialization integral to modernity which are necessary conditions for contemporary globalization include technological advancements in transportation and communications, international trade, and the structure of the international labor market. Technological improvements such as shipping, air cargo, and telecommunications have reduced costs and facilitated long-distance economic activities. International trade, fueled by trade agreements, has increased the interchange of goods, ideas, and culture. The international labor division encourages competition between high-wage workers in core nations and low-wage workers in peripheral and semi-peripheral nations, impacting local economies and labor movements.
These changes have led to an international division of labor, where wealthier nations' core industries outsource production to countries with cheaper workforces, resulting in global competition, xenophobia, and efforts by companies to 'Americanize' products. Environmental damage in developing countries is another byproduct of globalization, as industries exploit looser regulations, though this has also sparked transnational resistance and calls for environmental protections. Finally, the fast pace of global markets poses challenges for less developed countries (LDCs) to compete effectively, which calls into question the equitable distribution of globalization's benefits.