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"While Nation States Once Controlled Markets, It Is Now The Markets That Often Control The Nation States’ (Ritzer, 2010, P. 142). To What Extent ...

735 words - 3 pages

Modernization has allowed more elaborate systems of social, economic and political structures. There are new trends, which emerge as a result of advancement in technology and infrastructure. Globalization is one such trend that was facilitated by the advancement in the transport and communication, plus the new technologies (Steger 2009). This is when a business move from the domestic markets to the international markets. Globalization started some several centuries ago but has become an important strategic element of many businesses in the modern economy (Lechner 2009). This is due to the huge competitive advantages, which it offers to an organization. Globalization also allows expanding the market niche, reducing costs by moving the operations to places with low overheads, and expanding the business access to skills (Scholte 2005). Many businesses are taking advantage of technologies such as the internet, video-conferencing, and fast transport, to expand their operations internationally. Globalization has changed the world economies, hence the global politics, which are anchored upon the economic muscles of the different nations.
Politics is greatly influenced by the economies since they all aim at protecting and amassing more wealth (Giddens 2009). The countries with the greatest economies in the world are also the most powerful politically. Therefore, globalization being an important element in the global economy controls the nation-states and the international politics as a whole (Ritzer 2010). Globalization has made impossible for any nation-state to control the forces of the economies, but they have to align themselves to the trends in the global economics. In the traditional way, politics were confined to the national political systems, but with globalization, any country will have an open political mind, that is influenced by the global economies. The integration of the economy has forced the politics to follow the same trends. The political activities are at a global scale, and the protection of the economic welfare of the citizens and their security become an international concern. The political activities in one country have a great influence to the global politics and economics. Politics have become globalized, following the trends in the economic globalization. Political integrations like the African Union and European Union, intergovernmental organizations like the World Bank and the International Monetary Fund, World Trade...

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