[1][2] Hirst and Thompson note that globalization is an important topic, not only in economics, but also in the social, political and managerial sciences.
The authors question the extent to which this globalization hypothesis is an accurate portrayal of how things actually are, and whether this is how they ought to be.
The authors argue on the basis of the following five interrelated points: Having criticized a strong version of the globalization thesis, Hirst and Thompson identify five major characteristics of the international economy that they wish to emphasize.
Kiani and Schofield ask whether the globalization hypothesis is overstated, or is it the case that we are really in a new stage in international economic, political and cultural relationships.
In doing so, they trace out the present configuration of international economic, political and cultural tendencies.