Modernity is inherently globalising, and the unsettling consequences of this phenomenon combine with the circularity of its reflexive character to form a universe of events in which risk and hazard take on a novel character. The globalising tendencies of modernity are simultaneously extensional and intensional—they connect individuals to large-scale systems as part of complex dialectics of change at both local and global poles.

DEFINE: Distinguishes extensional vs. intensional dimensions of globalising tendencies, where risk acquires a new character.

Anthony Giddens, The Consequences of Moderni…, loc. 409