+1 vote
in Class 12 by kratos

“Globalisation has shifted power from nation states to global consumers.” Justify the statement.

1 Answer

+3 votes
by kratos
 
Best answer

The impact of changing role of the state in developing countries in the light of globalization can be summed up as follows:

  1. Globalisation reduces state capacity i. e. the ability of governments to do what they do.

  2. The market becomes the prime determinant to down economic and social priorities.

  3. Multinational companies effect on the decision taken by governments because their own interest fulfillment depends on government policies.

  4. The old *** state is now giving way to more minimalist state to perform certain core functions as maintenance of law and order and the security.

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