GLOBALIZATION AND NATION STATE

Globalization and Nation State

Globalization and Nation State

It is assumed that globalization is embedded in Neoliberal theory which proposes a conviction of traditional open-mindedness that several forces of market will bring success, autonomy, social equality, and harmony to the whole of humankind and advocate the exclusion of government authority on costs of frequent products, labor wages and exchange rate of foreign countries. Such activities have challenged the political structure such as who plays the key role thus they challenge both the sovereignty and autonomy of states: does it remain the only important actor or not? Globalization, they argue, depletes political authority from nation-states, the dominant figure of political organizations in world politics. Is it true? (Smith, 1996)

In the heated debate surrounding globalization, its effects on nation-state are especially controversial. Some fear a more far-reaching erosion of the nation-state; some acknowledge it; while others refuse that it means the end of the nation-state. Overall, there are five theses that must be acknowledged inside the contemporary debate over the collision of globalization resting on nation state: Hyper globalist Thesis; Skeptical Thesis; Complex Globalization thesis; New Institutionalism thesis; and Ideational Globalization thesis. Each thesis views the issue from different perspectives and emphasizes it in different ways. (McGrew, 2005)

To tackle the question on globalization's impact on the nation-state, this essay discusses three main parts: globalization in contemporary politics and its debate; the debate on globalization and the nation-state; and what impact globalization has had on the nation-state. (Ohmae, 2005)

Globalization

Globalization covers an extensive range of aspects such as economic, politics, social and cultural. Scholte wrote that globalization is a distinctive and significant feature of recent world history. The aspects in globalization, although being wide, both affect and are connected to each other. Thus, it is fair to say that, among other things, political globalization involves economic globalization as activities of both aspects are related and thus, to some extent, overlapped.

Basically, politics and economics are inseparable within social relations whereas politics (the acquisition, distribution, and exercise of power) is in integral to economics (the production, exchange, and consumption of resources), and at the same time economics is integral to politics, helping to determine where power lies and how it is exercised. It is said that political economy involves examination of several observations - political and economy - contained by which economy is shaped by the politics. It also includes the ways which shapes the economy of politics. (Scholte, 2000)

Economic globalization refers to what happens in the world in which the moving flows of goods, capital, labor, and information and technology seem to easily advance across national boundaries which rapidly expands the political and economic interdependence. In my opinion, political globalization is what happens in world politics as a result of the increasing economic activities within that of multiple processes. (Prakash, 2000)

However, the relation among monetary globalization and attrition of the self-governing nation state is quiet political in nature as compared to being economic. Although, what seems somewhat less contentious is that ...