How is the nation affected by globalization? Do these institutions/concepts remain relevant? Why/why not?
Answers
Answered by
46
Globalization, affects states, not only political but culturally as well as economically. The connectivity of these states and their dependence on one another for political stability, economic growth and cultural modification or awareness is also a factor of Globalisation.
Answered by
36
Of all the big ideas that we have seen in the last decade or two, globalization comes in the absolute top tier.
Countless super-organisations and super-brands have singularly been an outcome of this very idea. Most major economies today are reaping the benefits of a borderless imagining of the planet. For our country, the context is all the more amplified as it was the opening of the Indian economy (and markets) decades ago that triggered an era of unprecedented growth.
But as the idea of globalization has matured over the years, it has also become more nuanced and complex.
The most important strand, perhaps, is that it is no more only an economic idea. Today, the term globalization has socio-political interpretations as well. In that context, it is seen as a diluting agent for nationalistic interests and identities. The unification globalization proposes and thrives on, is seen as a cause of alarm in a socio-political arena. The unrest we are seeing across the EU and America is but a sign of the definite discomfort with the idea – Brexit being one of the most vocal call yet for de-globalization.
Countless super-organisations and super-brands have singularly been an outcome of this very idea. Most major economies today are reaping the benefits of a borderless imagining of the planet. For our country, the context is all the more amplified as it was the opening of the Indian economy (and markets) decades ago that triggered an era of unprecedented growth.
But as the idea of globalization has matured over the years, it has also become more nuanced and complex.
The most important strand, perhaps, is that it is no more only an economic idea. Today, the term globalization has socio-political interpretations as well. In that context, it is seen as a diluting agent for nationalistic interests and identities. The unification globalization proposes and thrives on, is seen as a cause of alarm in a socio-political arena. The unrest we are seeing across the EU and America is but a sign of the definite discomfort with the idea – Brexit being one of the most vocal call yet for de-globalization.
Similar questions