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THE NATION-STATE AND GLOBALIZATION INTRODUCTION Globalization is in the saddle and rides mankind Arthur Schlesinger Jnr However over exaggerated this statement may be there is some truth to it The truth the fact that globalization is inevitable regardless of whether it is to have a positive or negative effect on the Nation-state and therefore the people who are to be protected by the nation-state whose power is being undermined by the Multinational Corporations who view globalization in appositive light These essay will explore the effects that globalisation has on the power of the Nation-State DEFINITION Globalization is the process of the intensification of economic political social and cultural relations across international boundaries It is aimed primarily at the transcendental homogenization of political and socio-economic theories across the globe It deals with the increasing integration of the world market Fafowara1998 5 Ohuaburwa1999 20also stated that Globalization can be seen as an evolution which is systematically restructuring interactive phases among nations by breaking down barriers in the areas of culture commerce communication and several other fields How globalization manifests itself in the World Globalisation has been occurring since the 1940s It has however only adapted the catchy phase over the past 10 years So it has been happening for a whole it has only become more advanced within the last few years The disintegration of the Soviet Union and the emergence of the East Asian economies were essential elements in this latest accelerated drive towards globalisation And has spread its influence into the economic social cultural and political sectors of the Nation-state This has started to undermine the power and position of the state Economically Globalisation will have both a negative and positive effect on the state Positive in that it generates a great amount of income within the country and negative in that only the owners of the
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