Question

In: Economics

Illustrate the ways in which globalization has eroded the power of states

Illustrate the ways in which globalization has eroded the power of states

Solutions

Expert Solution

Globalisation has eroded the power of states in many ways.

In technological aspect - Through the wide use of internet , latest technology and frequently upgradation.

In political aspect - Through the interdependency of states.

In Social aspect - Through the dangerous diseases like COVID-19 etc, Through the problems of terrorism and attacks.

In econmic aspect - Through changing the domestic economy into world or international economy.


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