explain the political impact of globalisation
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In politics scope, globalization has had many negative and positive consequences such as; increase power and liberty of nations, groups and nongovernmental parties, expand of new political culture, weaken and washy of the role and hegemony of states in illegitimate controlling of nations, change and redefinition
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There is a heated debate over Political Globalization and Nation State. The question arises whether or not political globalization signifies the decline of the nation-state. Hyper globalists argue that globalization has engulfed today's world in such a way that state boundaries are beginning to lose significance.
Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.
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