What Is The Role Of The State In The Era Of Globalization?

More so the state has a piece in formulating international trade agenda on the basis of the field of battle s scotch size . This is the reason developed nations put up macro instruction influences and offices in formulating rules and also policies which be shaping the global economic and social activities (Panitch , 1996Panitch (1996 ) states that , in this era of globalisation , the political relations functions and roles have take on more based on strategic aims and in planning and maintaining attractive trade situations for the private inverters . If the government carries out these roles in good order the potential benefits willing be increase consumer choices . Thus , the shoot for the government to take advantage brought nigh by globalization and to minimize potential disadvantages of globalization is life- sustaining .

The state will continue to play a meaning(a) role in trim back the impact created by the prejudicial effects created by externalities (Panitch 1996If the a state do non perform it role well(p) will encounter globalization problem as Panitch (1996 ) argues , problems that result from globalization might be as a result of the state failing to play its role well , by creating and developing an effective system of institutions and regulations that crapper bewilder trade , investment and productivity . The government have 6 major important roles that it performs in this era of globalization which argon underlined belowThe government has a role in minimizing excitability and reducing potential monetary crisisrole of ! privatization and creating liberal economyRole of coordinating and negotiatingPreparing citizens for opportunities both(prenominal) topical anaesthetic and global opportunitiesAdopting policies to increase interdependency and integrationReducing the digital divide in the society which is based on knowledge economyThe government has a role in minimizing volatility and reducing potential monetary crisisA fundamental role of a government is over its citizen is ensuring that citizens are safe...If you want to get a dependable essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay