What are the political consequences of …
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Posted by Ritika Verma 5 years, 1 month ago
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Gaurav Seth 5 years, 1 month ago
Political Consequences:
(i) Globalisation results in an erosion of state capacity.
(ii) The old ‘welfare state’ is now giving way to a more minimalist state.
(iii) In place of the Welfare state, it is the market that becomes the prime determinant of economic and social priorities.
(iv) The entry and the increased role of MNC all over the world leads to a reduction in the capacity of governments to take decisions on their own.
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