Globalisation: Four Theoretical Schools of Thought

Abstract

Globalisation is a process whereby events in one part of the world increasingly affect societies in other parts far away. Digitalisation is an increasingly important feature of interconnectedness. The relationship between globalisation and digitalisation is investigated utilising four schools of thought: neo-Gramscian, realism and neo-realism, liberalism and neo-liberalism and neo-Marxism, whose findings are both positive and negative, especially in terms of governance and small states, identity and social capital. The contribution of this chapter is to provide clear viewpoints on how the four schools of thought evaluate the relationship between digitalisation and globalisation.