How might a functionalist sociologist and a conflict theorist's views differ in regard to globalization of national economies?

Functionalist sociology - argues that the globalization of national economies means that each nation will do what it does best in the world and so there will be increased efficiencies and greater overall wealth

Conflict theorist - argues that globalized national economies cause workers in nations to compete with each other for jobs and so cause the global price of labor to drop.

Are both correct or are neither of them correct?