Globalization and the State: Towards Theory Building at a Macro Level

Begam, Tabesum; Sengupta, Pradip Kumar
October 2013
IUP Journal of International Relations;Oct2013, Vol. 7 Issue 4, p68
Academic Journal
The global strategy adopted for economic development has opened up newer avenues as well as newer challenges before the state, especially the state in developing countries. Needless to mention, the immediate impact of globalization is being gradually felt at the level of the functioning of the state. The replacement of the state by the market forces has raised a serious issue: What will be the role of the state in the overall governing process of the country? Should the state be given a backseat and the market forces, the front driving seat? What will be the fate of the common people in developing nations if the state is allowed to withdraw in a greater measure from the governing process in general and that of welfare activities in particular? These and other issues have created confusions among the policy planners and policy makers of these countries. The problem centers around one particular issue: Can there be a grand theory for understanding this deep-rooted problem? Or should there be any kind of theory which will be most suited to the task of unfolding this issue? These are some basic issues which have been addressed in the following paper; the conclusions drawn are, however, tentative and suggestive in nature.


Related Articles

  • GLOBALIZATION AND INTERNATIONAL SECURITY. Buyukant, Yasar // NATO's Nations & Partners for Peace;2003, Vol. 48 Issue 2, p48 

    Discusses the political, economic and security criteria of globalization. Perception of developed countries on globalization; Demands of powerful countries from the less powerful ones regarding the economic aspect of globalization; Security implications of globalization.

  • Chapter 1: THE CASE FOR GLOBALISATION.  // Economist Economics;2006, p3 

    Chapter 1 of the book "Economics" is presented. It explores the role of globalization in the economy and the policies favored by many of globalization's critics that would exclude some players from the market. It highlights the arguments of globalization critics, including the claim that...

  • Financial Globalization Beyond the Blame Game. Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Shang-Jin Wei // Finance & Development;Mar2007, Vol. 44 Issue 1, p8 

    The article provides information related to financial globalization. Financial globalization is often blamed for the string of damaging economic crises that rocked a number of emerging markets in the late 1980s in Latin America and in the 1990s in Mexico. The wave of financial globalization...

  • The Political and Legal Dilemmas of Globalisation. Zolo, Danilo // Theoria: A Journal of Social & Political Theory;Apr2004, Issue 103, p28 

    The article discusses the dilemmas of Globalisation. Globalisation is seen as a global compression-integration as it reduces the time and cost of transport and communication and demolates the artificial barriers to the international circulation of goods, services, capital, knowledge, of people...

  • DÃœNYA TÄ°CARET ÖRGÃœTÃœ'NÃœN YÖNLENDÄ°RDİĞİ DÃœNYA Ä°KTÄ°SAT DÃœZENÄ° VE TÃœRKÄ°YE'DE TEKSTÄ°L SEKTÖRÃœ AÇISINDAN BÄ°R Ä°NCELEME MERMOD, Ashı YÜKSEL // Marmara University Journal of the Faculty of Economic & Administ;Dec2010, Vol. 29 Issue 2, p341 

    The process of globalization and Liberalization could entail risks of instability for weaker economies. Not all developing countries are equally successfu1 in benefiting from improved market access. WTO(World Trade Organization)is the outcome of a systematical planning structured step by step...

  • Have Trade and Globalization Harmed Developing Countries? Manzella, John L. // World Trade;Jan2006, Vol. 19 Issue 1, p8 

    This article discusses the effects of trade and globalization on developing countries as of January 2006. Trade and globalization have improved the lives of billions of people in developing countries. Currently, developing countries representing billions of people, including China, India and...

  • reactions and actions.  // Geographical (Campion Interactive Publishing);Oct2003, Vol. 75 Issue 10, p48 

    Focuses on the reactions toward globalization across the world. Examples of negative reaction to globalization; Attitude toward the cultural influence of globalization; Problems associated with globalization; Impact of globalization on developing countries.

  • vital signs.  // Business Today;1/28/2007, Vol. 16 Issue 2, p36 

    The article presents a global economic forecasting in 2007. It is inferred that the developing countries will play a central role in the globalization which will encourage growth in average incomes worldwide in the next 25 years. Between 2007 and 2008, the growth will decline, but will still...

  • Financial globalization: the need for a single currency and a global central bank. Arestis, Philip; Basu, Santonu; Mallick, Sushanta // Journal of Post Keynesian Economics;Spring2005, Vol. 27 Issue 3, p507 

    Financial globalization, by definition, means the integration of financial markets of all countries of the world into one. This is only possible provided uniformily can be brought in the terms and conditions across the globe for raising international loans. The existence of different currencies...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics