Abstract
Many scholars of international relations have long argued that by plotting on a map of the world all the transnational contacts of private individuals the international system resembles a ‘cobweb’. While the filaments of the cobweb remain uneven in their magnitude as there is a higher degree of contacts between major centres, the globalisation of financial markets, particularly since the 1970s, has enabled the cobweb to have a more global spread. As importantly, the speed and relative ease with which funds may be transferred across borders has intensified the degree of contact along its filaments. While the intent of this model of world society was to highlight ‘legitimised’ transnational contacts, it has become evident that this cobweb is conducive to spreading security threats emanating from nearly all parts of the globe, as well as being rather effective at hiding the spiders that lurk within it.
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