State's Role in Globalization Era
Question 1: State’s role in the globalization era is changing’. Discuss
State’s role in globalization era is quite different from what it was in traditional times.
In the traditional face state role was provider and protector of nation state interest and welfare with focused attention to marginalized and under privileged groups of society; this gave state maximum power and role to practice. But 21st century brought about lots of new incredible discoveries that not only eased and benefited human race interaction but brought them close together in economic and political spheres. Those states in western world that were influenced by liberalism achieved high efficiency while contracting out some of government services to private sector. And transformed from central based system to open market based competition. While jumping the private sector in implementation and service provision technology revolution and cross border trading concepts supported the process.
Now weaker states around the globe are adjusting themselves and tasting private sector depending on the capacity they hold.
Some critics say in the globalization era state’s role has become an agent, promoting private sector enrichment through the sale of state owned companies and institutions.
Some critics also say while adjusting to globalization, state may or may be not reaching to perfect ideal situation of governance and democracy it looks for and stresses on a correct mixture of state, private sector and society.
In positive aspect, globalization will provide room for greater freedom of choice for states to obtain goods and services and engage in specialization and exchange , comparative advantages in the world business, higher incomes to those employed in jobs for international labor markers, lower prices and greater availability of goods and services , opportunities to diversity risks, access to capital at lower costs, more efficient and productive allocations of resources, inward transfer
State’s role in globalization era is quite different from what it was in traditional times.
In the traditional face state role was provider and protector of nation state interest and welfare with focused attention to marginalized and under privileged groups of society; this gave state maximum power and role to practice. But 21st century brought about lots of new incredible discoveries that not only eased and benefited human race interaction but brought them close together in economic and political spheres. Those states in western world that were influenced by liberalism achieved high efficiency while contracting out some of government services to private sector. And transformed from central based system to open market based competition. While jumping the private sector in implementation and service provision technology revolution and cross border trading concepts supported the process.
Now weaker states around the globe are adjusting themselves and tasting private sector depending on the capacity they hold.
Some critics say in the globalization era state’s role has become an agent, promoting private sector enrichment through the sale of state owned companies and institutions.
Some critics also say while adjusting to globalization, state may or may be not reaching to perfect ideal situation of governance and democracy it looks for and stresses on a correct mixture of state, private sector and society.
In positive aspect, globalization will provide room for greater freedom of choice for states to obtain goods and services and engage in specialization and exchange , comparative advantages in the world business, higher incomes to those employed in jobs for international labor markers, lower prices and greater availability of goods and services , opportunities to diversity risks, access to capital at lower costs, more efficient and productive allocations of resources, inward transfer