Chapter Four Globalization and Regionalism
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| nation states become obsolete ( outdated) to regulate their economy and boundary • it’s a view that – privileges the economic over the political; – market over the state; – pre figures the decline of states • Argue: economic globalization is bringing about denationalization/de-territorialization of economies through establishment of transnational networks of production, trade and finance – Considers national governments as simply transmission belts for global capital – Economic globalization is bringing about the decline of states • Hyper-globalists believe – that the state simply becomes a site of global and transnational flows; as opposed to the primary container of socioeconomic activity • hence the legitimacy of states is undermined because the governments become unable to control the trans boundary movements and flows of goods, services, and ideas. – The cumulative effects of these forces makes the state ineffective to fulfill the demands of its citizens – that economic globalization is generating a new pattern of losers and winners in the international economy • new international division of labor and the competitive nature of the market brings new economic class of winners and losers – (intensifies the already existing North-south gap) • Globalization is imparting (conveying) new liberal ideas and implant culture of modernization replacing the traditional culture; creating uniform Download 478.99 Kb. Share with your friends:
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