Question

In: Economics

Globalization has increased the influence of some actors on the world stage and decreased the influence...

Globalization has increased the influence of some actors on the world stage and decreased the influence of others. Of the five actors listed below, which ones have increased and which ones have decreased? Why? (Actors: states, IGOs, NGOs, MNCs, networks).

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Solutions

Expert Solution

The performance of Non governmental organizations ie NGO's are greatly influenced by globalization.Globalization process has influenced NGO's in many states and in the international area.International NGO's are active participants in international decision making and also strives to bring international cooperation

Globalization has led to fall in the power of states to direct and influence their economies specially in macro economic management and in determination of political structures

IGO's or intergovernmental organizations have gained importance because of globalization. Before globalization states were looking at the national interest and not international interest . At present the problems of the state are becoming more global and so they cannot solve the problems themselves and are taking collective actions together with other states in IGO 's.

Multinational companies or MNC's benefit from Globalization. MNC's are instrumental in increasing the GDP of the host country through their spending.They help in increasing the competitive spirit of domestic firms.

Globalization has increased networks on a global scale EG -.Due to globalization there has been an increase in network traffic to and fro Asia Pacific . The internet is considered an alternate transport where people engage in long business talks and manage their business .


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