In 21st century globalization has touched all aspect of business, economy, trade, and government system. Globalization altered the way businesses were operating and governments were handling international relations. Experts have different opinion on globalization, few consider that globalization has reduced the power of nation state because of global capital. Some experts said that nation-state is still powerful, and adopt changes developed by globalization. This paper intends to discuss the impact of globalization on nation states, and how globalization reduced the power of the state.
Fundamentally all countries across the world have become the part of global transformations. Capital, products, ...