This website uses cookies to ensure you have the best experience. Learn more

Globalization Leads To The Demise Of The State

1690 words - 7 pages

The mercantilists were the very first group of thinkers to relate economic prosperity with international trade. They believed that the strength of a nation is determined through its possession of precious metals or bullions. As the state generally invaded neighboring nations and set up colonies, thereby provide no new market to the traders; mercantilists always supported the existence of a powerful state. (O’Rourke, 1999) The mercantilists’ view of state interference in international trade and other affairs were severely criticized by the Father of the Modern Economists, Adam Smith. Smith initiated the generation of classical economists and Ricardo, Marshall and others later backed his ideas, the classical view was dashed to the ground, courting the Great Depression. Maynard’s Keynes suggested a strict government intervention in order to stabilize the economy and lead it the point of prosperity. (Keynes, 1965) Following the Keynesian doctrine, the concept of planned economy emerged. This concept received fertile soil to prosper at the background of socialist movement in Soviet Russia and later in China. For around sixty years the concept of planned economy has been embraced by several nations of the world. The role of state is extremely important in a planned economy, as it is the state that formulates the policies and then implements them. When the planned economic set up failed to deliver what was expected owing to high level of corruption among the government officials, the bureaucrat politician nexus and lack of political will, then at the beginning of 1990, a new concept began to emerge in the global economic scenario and was later termed as globalization. (O’Rourke, 1999)Globalization was not a new concept when the European countries were making efforts to unite under one hood to prevent American aggression even at that time the essence of globalization was present. The only difference between the globalization in nineties and globalization of the period was in diminishing role of state in economic affair. Another distinguishing factor was the cultural inroad that globalization in the nineties initiated.Globalization is actually a combination of liberalization and privatization that finally leads to a broader concept called globalization. Liberalization opens up a country to the rest of the world whereas privatization redistributes the national resources from the public sector to the private sector. It is evident that such redistribution will necessarily reduce the power of the state, as it would not be the sole owner of natural resources any more. Under globalization, it faces seldom interference in day-to-day business and restricts its interests into external and internal defense of the country. Very seldom it has been found that state keeps those resources such as power and mining under its possession as they are important to national security and common welfare.All these reduce the power of the state and day-by-day,...

Find Another Essay On Globalization Leads to the Demise of the State

The Demise of Society Essay

983 words - 4 pages , Golding places the conch as a representation of civilization. After the meeting, Golding starts describing the conch as pale and subtle. Since, the conch represents civilization; Golding uses diction to suggest that the civilization is slowly fading away. All in all, Golding suggests that the society is diminishing due to the loss of communication. In the novel, Lord of the Flies, Jack’s obsession with hunting leads to the fading of society. In

The Pathways to Othello's Demise Essay

1241 words - 5 pages , contemptuous of women. All these factors play a role in Othello's ultimate fall, however, Iago's exploitation of Othello's defect is the main reason that causes Othello to be driven by jealousy to the point that it consumes his entire existence that leads to the tragic outcome of the play. Iago's incessant deception and lies cause Othello's judgment to be eclipsed by insecurity, jealousy and lack of trust towards his wife leading to his tragic demise

Will the Haughtiness of Humans Lead To Our Demise?

1065 words - 4 pages . Wells, where the human race is invaded by aliens from the planet Mars, called Martians. Although we have placed ourselves on the top of the social hierarchy, Wells argues that even though we have such advanced weapons, an entity exists that could prove formidable against humans. Even through human means and weapons, ignorance exists which leads to the downfall of humans and the pyramid of the social hierarchy being flipped, with the weakest

Macbeth's Demise Due To Concerns Of The Supernatural

946 words - 4 pages The play "Macbeth" explores the tragic demise of the protagonist Macbeth due to the concerns of the supernatural, guilt and his "vaulting ambition" The world of the play is one of war, death and heroes, it is difficult to distinguish between appearance and reality.We experience and are witness to the mental and emotional turmoil of Macbeth, a man who is lured into evil and endures the consequences due to his encounters with the supernatural.The

Are Cell Phones Leading to the Demise of Communication?

1138 words - 5 pages astronomical benefits, it has hindered our ability to communicate in a face-to-face environment. We are constantly on our phones all day, staying updated with what’s going on around the world, or connecting with the people around us. Though this initially seems to be a good thing, in hindsight, it causes the destruction of our ability to communicate face-to-face. According to a set of studies by Andrew K. Przybylski and Netta Weinstein of the

Demise of the Second Reconstruction

2379 words - 10 pages government-supported citizens who were of high-cost to the state and there was an extensive competition between blacks and whites to find employment opportunities, schools, housing and other essential commodities. Meanwhile, these issues where being ignored by the State and Federal governments. Overall black participation in politics became damaged by events such as Carl Stokes term as mayor of Cleveland, which after being elected the first African

The Issue of Xenophobia and How it Leads to Violence

1114 words - 5 pages xenophobia and how it leads to violence and racism amongst the people within South Africa, as well as the effects it has on South Africa and its people as a whole. I also believe that if people are more aware of this situation they can educate others and try finding a solution to decrease and possibly prevent the issue of xenophobia. Following the 1994 elections, when South Africa became a democratic country, the fear of xenophobia increased and is

The Virgin Of Guadalupe - Research Leads To Symbolic Unveiling

2232 words - 9 pages which leads to the Virgin Mary's symbolism of the Devine Feminine and the Mother figure. The outline of her figure as the oval nimbus, the lines of her robe as the vulva, our doorway to life on this earth and this time of being.The image uses a lot of organizational line in this outline of the body aura, and the texture looks as if it is flaking apart from age. A lot of times we see this figure and forget that it is a piece of art, and a Holy

The Affects of the Whig Party's Demise

1119 words - 4 pages to the party system, the Whig Party. Its history shaped the ideals it valued. Regrettably, the Whig Party’s short lifespan affected the national political conversation forever. The Whig Party’s interesting history and tragic demise are important to understanding the political system of the United States. The history of the political party system is vital to understanding the Whig party. Martin Van Buren was the machinery behind the partisan

Theories Explaining the Demise of the Dinosaurs

1352 words - 5 pages Theories Explaining the Demise of the Dinosaurs The chapter of life which saw the rise of the dinosaurs is one of the most fascinating periods in our earth’s history. It is often the subject which brings about young children’s first exposure to science. When these children learn about these intriguing prehistoric beasts, one of their primary inquiries concerns the cause of their annihilation. What could have led to the demise of all

The Demise of the Southern Aristocratic Family

1211 words - 5 pages get bored, but then time is your ill luck” when discussing the power, aristocracy and the great demise through the lens of a wealthy Southern family, the Compsons. At face, this might appear as a hasty and unwarranted argument, after all how can a family filled with wealth, be comprised of such moral ambiguities? How does each character, from Bengy, Caddy to Quentin, starve for love and attention? Faulkner instigates the argument that as society

Similar Essays

Globalization And The State System Of Government

2554 words - 10 pages possibly an invalid explanation as of right now? Many would argue that there is a global force tearing away at the fabric of the inter-state system - globalization. A product of increased communications and awareness, globalization is described by James Rosenau in “The Complexities and Contradictions of Globalization”, as he says, “the term globalization seems appropriate to denote the ‘something’ that is changing humankind’s preoccupation with

The Impact Of Globalization On State Relationships

846 words - 3 pages "Globalization, both as an ideology and process, has become the dominant political, economical and cultural force in the 21st century." Quote from "Globalism: The New Market Ideology" by Manfred D.Steger, Page 6 One of the biggest questions currently asked in international politics seeks to determine the role that globalization plays in world and its effect on state relationships. While there is debate about the extent to which

The Absence Of Truth Leads To

2496 words - 10 pages unable to quickly see the truth of his heritage. He is raised under a false pretext, which leads to future disorder. When a drunken man negates his legitimacy as the son of Polybos and Dorian of Corinth, he questions the king and queen, "they stormed, calling it all the slanderous rant of a fool" (749-750). They lie to Oedipus to protect him, but they are actually sheltering him from truth that could save Thebes. His kingdom is in a state of chaos

The Demise Of Communism Essay

1329 words - 5 pages people for so many years to conceal them from the truth of the demise of the country as a result of communism. It was this recognition of the negative consequences of communism that was one of the primary factors in the decline of the Cold War and the main reason that I will be assessing This essay will incorporate both Havel's speech and Mikhail Gorbachev's addresses to the people of Russia in order to evaluate some reasons that the Cold War came