To What Extent Can National Governments Influence the Outcomes of Economic Globalization? Discuss with Examples?
To what extent can national governments influence the outcomes of economic globalization? Discuss with examples?
In a world where trade barriers are blurring, people cross borders relatively easier in comparison with previous times, countries cooperate with one another and even unite and multinational enterprises (MNEs) gather momentum the national governments still exist. National states refer to geographical space preoccupied by a group of people, who share the same cultural values and political governance, language and religion, history and ethics (Dicken, 2003). Recently, their relevance has been questioned because the world experiences fundamental economic transformation (YouTube, 2008). In other words due to globalization a significant number of changes has occurred in terms of competition, integrated trade, capital movements, MNEs and the role of national governments. This essay is going to argue that as a result of globalization, the role of national states nowadays have changed and they assume a number of different positions and perform various functions. The first paragraph is going to show that states contain different cultural dimensions. Then, the second one asserts the view that national governments might be or might not be seen as key regulators in terms of trade, industry and foreign direct investment (FDI) policies. The next section is concerned with the relationship state- MNEs. The penultimate part delineates that states might or might not be seen as competitors while the last one represents them as collaborators. I. States as containers of different cultures This paragraph is going to examine one of the main sources of differences- culture. Although, globalization has spread in a fast pace, countries still have their specific cultures and institutions. Basically, the international business systems seem to be based on different countries’ values which are diverse in terms of local culture and practices. Hofstede and Hofstede et
In a world where trade barriers are blurring, people cross borders relatively easier in comparison with previous times, countries cooperate with one another and even unite and multinational enterprises (MNEs) gather momentum the national governments still exist. National states refer to geographical space preoccupied by a group of people, who share the same cultural values and political governance, language and religion, history and ethics (Dicken, 2003). Recently, their relevance has been questioned because the world experiences fundamental economic transformation (YouTube, 2008). In other words due to globalization a significant number of changes has occurred in terms of competition, integrated trade, capital movements, MNEs and the role of national governments. This essay is going to argue that as a result of globalization, the role of national states nowadays have changed and they assume a number of different positions and perform various functions. The first paragraph is going to show that states contain different cultural dimensions. Then, the second one asserts the view that national governments might be or might not be seen as key regulators in terms of trade, industry and foreign direct investment (FDI) policies. The next section is concerned with the relationship state- MNEs. The penultimate part delineates that states might or might not be seen as competitors while the last one represents them as collaborators. I. States as containers of different cultures This paragraph is going to examine one of the main sources of differences- culture. Although, globalization has spread in a fast pace, countries still have their specific cultures and institutions. Basically, the international business systems seem to be based on different countries’ values which are diverse in terms of local culture and practices. Hofstede and Hofstede et