Development Disquisitions 1: Three Main Views on Globalisation
Globalization and its major viewpoints. The thesis of ‘Globalisation’ is a tricky term to explain due to its elusiveness however, Modelski believes that “globalisation is a historical process which is characterised by a growing engagement between peoples on all corners of the globe” (2003). There are three main views on Globalisation which include Hyper-globalisation, Sceptic and Transformationalist. Hyperglobalists, also known as global optimists, insist that globalisation is occurring now and local cultures are being eradicated due to the increase of international capitalism. They believe that globalisation is a positive action (hence their given nickname ‘global optimists’) because it is characterised by economic uplift, high prosperity and the spread of democracy. Followers of this view see globalisation as “bringing about a denationalisation of economies through the establishment of transnational networks of production, trade and finance” (Held et al, 2000). The core of this view