Adopting the point of view that a coronal transient is a defined magnetic structure, it must be diamagnetic with respect to the external ambient magnetic field, i.e., the external fieldlines cannot penetrate the structure. If this is so, an integral approach involving only external forces can be very useful for studying the conditions for acceleration and large-scale dynamical behavior of the transient.After a discussion of a suggested transient configuration based upon observations of prominences, f~are loops, and transient -filament relative orientations observed by Trottet and MacQueen (1980), we demonstrate the diamagnetic approach to this problem through a particularly simplified model. Necessary conditions for upward acceleration of the transient are discussed in some detail. One such plausible initiation mechanism is shown to be a constriction of the structure near its base by the external forces. This mechanism not only can provide the upward acceleration for the transient but is also compatible with the observation of hot rising flare loops during two-ribbon flare which show evidence for magnetic reconnection.We have studied the equilibrium conditions and dynamical behavior of the transient using this mechanism for two limiting cases -that in which the gas pressure in the structure dominates over the magnetic pressure and that in which the magnetic pressure dominates. For both cases, the required equilibrium conditions are compatible with observed coronal parameters. The dynamical behavior upon inward constriction, however, resembles the observed characteristics for transients best for the magnetically dominated case. For example, in the pressure-dominated case, the required temperatures for acceleration appear somewhat high being in excess of about 1.9 x 106 K. If, in addition, the internal temperature declines adiabatically during the outward motion, the structure does not reach inifinity unless its initial temperature exceeds about 3 x 106 K but stops a some radial distance, returns to the Sun only to be accelerated outward again in the same fashion. The rather stringent requirements on internal temperature for the pressure-dominated case in addition to the expectation that pressure-dominated transients should evolve into a thin pencil shape instead of maintaining an approximately self-similar profile as observed are strong arguments in favor of the magnetically dominated case.Based upon the above results, we suggest that the reconnection process evidenced in two-ribbon flares may not necessarily be the result of the relaxation of a locally open field configuration produced by the transient as described by Kopp and Pneuman (1976) but, instead, that the acceleration of the transient and the two-ribbon flare both may be produced by a common force, namely that provide d by the constricting effect of the external magnetic field displaced by the presence of the structure.