ABSTRACT

Notwithstanding the proliferation of inquiries into globalization and a continuing clarification of its various dimensions, synthesizing theories that combine different globalizing dynamics which, in turn, foster varied outcomes remain elusive. Students of international trade and their counterparts who analyze financial flows do proceed from a sound theoretical base, to be sure, but their studies are narrow in scope and limited to the economic dimension. Efforts to develop broad-gauged theory that explains the social, political, and cultural dimensions and how they interact with economic dynamics are conspicuously lacking. It is almost as if globalization defies the theoretical enterprise, being too amorphous and complex to allow for the framing and testing of incisive and empirical hypotheses. How, then, to begin to develop a viable theory of globalization that accounts for its underlying dynamics? How to free ourselves from conventional procedures and thereby possibly break through the barriers that make the task so difficult?