The the principle of global competition as

The term Globalisation
has been very frequently used in the academic and scholarly writings of the
last three decades, although the term was rarely used before 1980s. Scholars have
put forward diverse views regarding the process of Globalisation, nature and
the impact of Globalisation. The controversy surrounding Globalisation is
evident from the fact, that whereas some consider it as a process, which
results in melting away of the national boundaries, thus unification of mankind
in one peaceful and prosperous community. In contrast, others consider it as
the great myth of our times, a notion which misrepresents and misconstrues the
real forces which shape our lives, and is a source of all the ills that inflict
the most poor and collectively the densely populous countries and social
groups. Accordingly, whether the notion of Globalization ultimately helps or
hinders our understanding of the contemporary human condition and the
strategies to improve, it is now a matter of intense intellectual and public

On the basis of this
diversity of opinions, several scholars have identified three main schools of
thought in the globalisation debate: the hyperglobalists, sceptics and transformationalists.
The hyperglobalists argue that globalisation is bringing about the demise of
the sovereign nation-state as global forces undermine the ability of
governments to control their own economies and societies. This viewpoint generally
privileges an economic logic and, in its neo-liberal variant, celebrates the
emergence of a single global market and the principle of global competition as
the harbingers of human progress. Quite opposite to the hyperglobalists, the
sceptics have denied the existence of any such phenomenon as globalization.
They believe that the claim about globalization have not only been highly
exaggerated but also that it is a myth or ‘conceptual folly’ that conceals the
reality of a world which is much less interdependent than it was in the
nineteenth century , and one that remains dominated by geopolitics and western
capitalism. They argue that states and geopolitics remain the principal agents
and forces shaping world order. The transformationalists, occupy the middle
ground between these two and view contemporary economics as a process of
on-going transformation. Although they do not believe that we are currently
living in a globalised world, they do believe that the world is more integrated
and that the level of interactions, particularly of the economic kind, between
a variety of units (states, corporations, multilateral organisations etc.) is

As we come to the
conclusion, we find that these different perspectives of globalisation help us
in understanding the concept very clearly. Drawing general conclusions about
globalising tendencies simply from one domain produces a somewhat partial and
inaccurate interpretation. It is a multidimensional process which occurs in
every domain of social activity like economic, military, legal, ecological,
cultural and social, though with varying intensity and at a varying pace.

*Research Scholar in Department of Political


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