Introduction. Globalisation is an idea of our time, highly contested and widely accepted at the same time. It relates to the economy, politics, culture, society, and generally, with everything we deal with in our everyday lives. Globalisation has been widely theorised by different schools of thought and each takes its own approach and reaches different conclusions. Held et al (1999) separate the theorists of globalisation into three different schools the hyperglobalisers, the sceptics and the transformationalists. Each of these schools represent a different account of globalisation and a different interpretation of it as a social phenomenon. I will not attempt to summarise the different views of each school[1] but some of their different perspectives have to be taken into account since they represent different political trends and thoughts on globalisation. One important argument is brought forward by the sceptics. Drawing on statistical evidence of world trade from the nineteenth century which shows that in fact there is only a slight rise on trade today compared with the Gold......

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