5: Globalisation and the dilemmas of development: is globalisation good or bad for the Global South?
Chapter 5 addresses the rise of globalisation and its significance for development. After carefully examining the concept of ‘globalisation’ and its key features, the chapter moves on to consider the various perspectives on globalisation that have emerged, from the hyperglobalist to the internationalist and transformationalist approaches. The impact of globalisation on the world is discussed in relation to the idea of ‘a shrinking world’ and the need to recognise the multidimensional and multidirectional nature of globalisation and its impact on development and the Global South. This involves the examination of three essential dimensions of globalisation: techno-economic, socio-political, and cultural-civilisational. In exploring these, specific areas such as trade, travel and tourism are introduced into the discussion. The chapter concludes by considering whether globalisation is good or bad for development, and also makes reference to the impact of the Coronavirus on globalisation in the third decade of the 21st century.
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