Economic globalisation paper

According to Held and McGrew (1999), hyperglobalisers claim that globalisation is characterised by the purported existence of a unified global economy spanning across the world’s political boundaries. National economic regulation then becomes less effective because decisions which affect the spatial organisation of economic power and wealth are determined by the capital budgeting and portfolio investment decisions of foreign economic organisations. Thus, the hyperglobalisers strongly believe that globalisation may erode the power of the nation-state.   Using the various schools of thought on economic globalisation, appraise the extent to which the hyperglobalisers’ view is justified using relevant evidence