In favor of this phenomenon, the Pro-Globalists, have an argument that countries inevitably have to open their borders as they cannot put up a barrier against globalization. If they do so it would mean isolation from the rest of the world and a loss of many benefits that they could have achieved. Hence, through this essay, it will be examined if globalization has been the reason these countries have lost the powers of a democratic government set up and if they have, the reasons behind this will be evaluated. Many scholars agree with the idea that instead of helping the growth of a democratic state, globalization actually poses a threat to them.
According to Roland (2002:24), globalization weakens the vital requirements of national identity, patriotism, and state autonomy. Due to this reason, one can say that in terms, political globalization is contradictory. According to one of the anti-Globalist theories, the decline of the nation-state is being caused due to globalization as governments now have lesser controls over their trade, economy, and borders. In another view, complete control over markets, capitals and exchange rates had belonged to the nation-state.
Today, the state is becoming outdated while trans-national companies have become greatly vital to the economy. Such situations are supportive of the argument that the power of the state and democracy is being reduced due to globalization, which is resulting in a void democracy. According to the Skeptics school of thought, while globalization leads to promotions of opportunities to increase in wealth and greater growth, it has also resulted in greater socioeconomic disparity amongst people, resulting in nations which are less democratic and instead of being ruled by rich multinationals (McGrew, 2002:79). According to Nanz and Steffek (2004:27), the main competition among governments is about access to foreign capital and governments now compete amongst each other for foreign capital and design their policies for appeasement of global firms and investors
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