Answer:
Globalisation results in erosion of state capacity Economic globalisation gives more importance to institutions like the IMF and the WTO. (ii) As the restrictions imposed by different countries have been reduced. So, greater trade in commodities across the globe can be seen. (iii) Economic globalisation for its results would lead to economic ruin for the weaker countries, especially for the poor within these countries. (iv) In place of old welfare states, it is market that becomes the prime determinants of economic and social priorities. The entry and the increased role of the multinational companies all over the world leads to a reduction in the capacity of the government to take decision on their own, thus reduces state capacity.
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