Question

6. Explain the changing nature of nation state in the context of globalization.

Answer 1

Answer:

Overall, globalization has profound influence on nation-state in political, economical and cultural fields. These three aspects both threatened the nation-state, it weaken their sovereignty and make their economic activities unstable and easy to undermine their national culture due to the cultural globalization.

Explanation:

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Answer 2

The concept has an impact on many facets of a State like economical, political as well as social.

• Globalisation has resulted in a modest shift in the state's functions. Its importance in the ownership and production of products is dwindling.
• State functions began shifting throughout the globalisation period. Privatization was favoured when sector began disinvesting.
• Public sector was developed to compete with the private sector, and free trade, a market economy, and globalisation were all implemented as a whole. Industry ownership by the government was ultimately denied.
• With fewer restrictions in place at national level, some companies took advantage of offshoring. However, It designed a system of new politics, influencing laws favourable for one entity.
• The state's function began taking on the form of a facilitator and coordinator, with an overall decrease in the matters of International economy.