ABSTRACT
Globalization theory and the neo-liberal view of the world that underpinned it was enthusiastically promulgated and the early years of the twenty-first century. Politics, policy and scholarly commentary were interlinked as formal organizations were established to foster globalization. The modernization theory was evolutionist and teleological, thus the end point was the model of the United State of America around the late 1950s and early 1960s. In this period America was not merely the richest and most powerful country in the global system, but it was also an object of admiration in particular in Europe, where post-war financing had helped the continent recover. Globalization was also linked to ideas of the end of history and post-modernism. The proponents of globalization included political theorists, business theorists and journalists, and politicians. Regionalization is also seen as a discernible trend as years have seen areas of the global system develop dense economic linkages and thereafter deepening social linkages and cultural/political linkages.
