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 sphere s scotch size . This is the reason developed nations prolong big influences and affairs in formulating rules and also policies which be shaping the global frugal and social activities (Panitch , 1996Panitch (1996 ) states that , in this era of globalisation , the judicatures functions and roles have amaze more based on strategic aims and in training 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 substantive role in reduce the impact created by the contradict effects created by externalities (Panitch 1996If the a state do not perform it role well(p) will encounter globalization difficulty 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 contribute 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 minimizin g excitableness and reducing potential mon! etary crisisrole of privatization and creating liberal economyRole of coordinating and negotiatingPreparing citizens for opportunities twain topical anaesthetic and global opportunitiesAdopting policies to increase interdependency and integrationReducing the digital divide in the society which is based on familiarity 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 all-encompassing essay, order it on our website: BestEssayCheap.com

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