political forces and structures shaping the current global arena. In an effort to rigorouslyanalyse the range of globalisation theories and also provide their definition as to whatglobalisation truly entails perhaps the most ambitious attempt can be seen in the work of Held
et al
. In
Global Transformations
, they divide the current agglomeration of globalisation theories under three main headings namely “hyperglobalists”, who maintainthat the ascent of the worldwide economy, together with “the emergence of institutionsof global governance, and the global diffusion and hybridization of cultures” are evidenceof a “radically new world order” (Held
et al
, 1999: 4); “sceptics”, who hold that thecurrent phase of globalisation is in fact not historically unique; (Ibid: 6-7) and; finallytransformationalists, with which Held
et al
generally agree, who argue that although it isthe “central driving force behind the rapid social, political and economic changesreshaping modern societies and world order”, who exactly will be the main beneficiariesof globalisation is still an issue that needs to be resolved. (Ibid: 7)For Held
et al
, the transformationalist approach to understanding globalisation is themost appropriate one. As Callinicos writes Held
et al
...argue that globalization should be seen as a complex, multi-dimensional processrather than a primarily economic phenomenon. They suggest that it should beconceptualized as ‘a process (or set of processes) which embodies a transformation inthe spatial organization of social relations and transactions – assessed in terms of their extensity, intensity, velocity and impact – generating transcontinental or interregional glows and networks of activity, interaction, and exercise of power’.
(2001: 18)However, while the work of Held
et al
is undoubtedly a highly impressive one inacademic terms, comprising a great deal of serious and rigorous research and analysis,questions have been raised as to whether their definition of globalisation reallycontributes to a ‘deeper’ understanding of this phenomenon and in particular, whyglobalisation has manifested itself in the manner it has. Apart from negating the political
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