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Neoliberal Globalisation and the Transformation of State: Understanding the Dynamics

Author Affiliations

  • 1Dept. of International Relations, Sikkim University, Gangtok, India

Int. Res. J. Social Sci., Volume 5, Issue (6), Pages 30-37, June,14 (2016)

Abstract

The question of the retreat of state from national economy has been a matter of concern for social scientists ever since the mid-eighties with the expansion of globalisation and the spread/deepening of neo-liberal economic ideas to the global south. The current phase of globalisation projects certain highly complex and contradictory set of institutions and social relations which intensify the infinite flow of goods and services, and people and their cultural forms across national borders. The entry of many new players like the non-territorial capitalist forces like International Economic Organisations, Multi-National Companies and Trans-National Corporations and International Non-Governmental Organisations to fill the vacuum created by the withdrawal of state is a novel trend that has gained momentum in almost all developing states in the global south as part of neoliberal globalisation. Subsequently, the role of state was redefined from a builder of economy to a facilitator of favourable conditions for foreign capital and for the participation of private sector in the national economy/development process.

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