what is the role of the state in the era of globalization?

More so the state has a role in formulating international trade agenda on the basis of the country 's economic size . This is the reason developed nations have large influences and roles in formulating rules and also policies which are shaping the global economic and social activities (Panitch , 1996

Panitch (1996 ) states that , in this era of globalization , the governments ' functions and roles have become more based on strategic aims and in planning and maintaining attractive trade situations for the private inverters . If the government carries out these roles properly the

potential benefits will be increased consumer choices . Thus , the need for the government to take advantage brought about by globalization and to minimize potential disadvantages of globalization is vital . The state will continue to play a significant role in reducing the impact created by the negative effects created by externalities (Panitch 1996

If the a state do not perform it role well will encounter globalization problem as Panitch (1996 ) argues , problems that result from globalization might be as a result of the state failing to play its role well , by creating and developing an effective system of institutions and regulations that can stimulate trade , investment and productivity . The government have 6 major important roles that it performs in this era of globalization which are underlined below

The government has a role in minimizing volatility and reducing potential monetary crisis

role of privatization and creating liberal economy

Role of coordinating and negotiating

Preparing citizens for opportunities both local and global opportunities

Adopting policies to increase interdependency and integration

Reducing the digital divide in the society which is based on knowledge economy

The government has a role in minimizing volatility and reducing potential monetary crisis

A fundamental role of a government is over its citizen is ensuring that citizens are safe...