Discussions of globalisation centre on one of the following aspects:
- How integrated global markets really are.
- Globalisation as a process eroding the sovereignty of nation-states, reducing their autonomy in making economic policy.
- The consequences of globalisation for the distribution of income among the world’ s population, both within and among nations.
- The problematic growth of a transnational “world society” and international governance.
- The interaction of national economic, political, military and cultural power, and the possibility and desirability of retaining distinctive national institutions, embodying distinctive national value preferences and cultures.