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Globalisation has had a significant effect on the nature of politics. Of the largest 100 economies in the world, 51 are corporations; only 49 are countries. Multinational corporations are a significant force challenging the concept of a national economy. In the modern world, national governments have much less control over their economies than previously.
Governments need multinational support to run effectively. They are dependent on corporations for their resources and services, eg: providing aid for government initiatives such as the recent Tsunami relief. However, if a country becomes too interdependent and is overpowered by a stronger economy it loses its economic sovereignty and may be forced to set policies that are differing to its citizen's interests or desires. A new system of governance has emerged where policies are based around benefiting governments and multi-national corporations, rather than the citizens.
Regarding trade, pro-globalisation corporations and......
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Title: Impact Of Globalisation And Internationalism On Politics
Approximate Word Count: 283
Approximate Pages: 2 (250 words per double-spaced page)
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