Short answer: Yes This is because the power among countries (states), multinational corporations, organizations and private persons shifted. The holder of the powers are today more likely big companies than states or even churches. Holders of th... read more
Short answer: Yes This is because the power among countries (states), multinational corporations, organizations and private persons shifted. The holder of the powers are today more likely big companies than states or even churches. read more
Trade blocs, such as NAFTA, reduce nation state's management over their economy. The World Trade Organisation (WTO) and the International Monetary Fund (IMF) have a huge impact on a nations' economy, therefore weakening its security and independence (Dean, 1998). Overall, globalisation has diminished the nation state's ability to manage its economy. read more
What is more, Michael Mann(1997:473) points out that most of the scholars including postmodernists, geographers, sociologists and economists, suggest globalization is weakening the nation-state with similar statements such as 'undermining', 'undercutting', 'outflanking' or 'marginalization' of the nation-state. read more