Answer:
(i) One of the major impacts of political globalization is that it reduces the importance of1 nation - states. Many have organized themselves into trade blocs, Emergence of supranational institutions such as the European Union, the WTO, the G-8, and The International Criminal Court etc. replaced or extended the national functions to facilitate international agreement. (ii) Another major impact of globalization is the increased influence of Non-Government Organizations in public policy like humanitarian aid, developmental efforts etc. Many organizations have come forward with the mission of uplifting the most unprivileged societies of the world where there is massive funding of millions of dollars. (iii) United States intervened in many Middle East Asian countries recently. The whole idea was on extracting oil mines for which they took the economic, political, social and cultural control of these oil rich countries. (iv) The rise of global civil society is one of the major contributions of globalization. The multivariate groups make up civil society which often protests against capitalism.
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