The Nation – State and

Globalization
THE NATION-STATE GLOBALIZATION

Objectives of Lecture
 between the development of the nation-
state and capitalism
 Assess competing explanations of ways in
which contemporary processes of
globalization are impacting on states
 MONETARY POLICY

The primary objective of central banks is to

manage inflation.
 FINANCIAL REGULATION

Market-based and Formal legal

regulation
WHAT IS CORPORATE?
Relating to a corporation, especially a
large company or group.
WHAT IS GOVERNANCE?
The action or manner of governing
CORPORATE GOVERNANCE

Refers to the way a corporation is

governed. It is the technique by which
companies are directed and managed.
 NEEDS OF A CORPORATE
GOVERNANCE

 Good board practice

 Control environment
 Well defined shareholder
 Board Commitment
 Transparent disclosure
 ELEMENTS OF CORPORATE
GOVERNANCE
TRANSPARENCY
REGULATORY FRAMEWORK
ACCCOUNTABILITY
ADMINISTRATIVE STUCTURE
BUSSINESS ETHIC AND SOCIAL
RESPONSIBILITY
 BENEFITS OF CORPORATE
GOVERNANCE
 Ensures corporate success and economic growth
 Strong corporate governance maintains investors
confidence, as a result af which company can
raise capital efficiency and effectively
 It lowers the capital cost
 There is a positive effect on the share price
 Itensures organization in managed in a matter
that fits the best interest of all.
 Industrial Policy

Strategic effort to encourage the development and

growth of all manufacturing sectors.
The organisation of public services:
Usually compromised organizations that are owned by the
government and exists to provide services to it’s netizens.
Labour Market Regulation
Individualisation of Wage-Labour Relation.
Flexibility. Welfare states become tools to
promote competitiveness
 Regulatory Reform
Aimed at helping governments improve regulatory quality
that is ; reforming regulations that raise un-necessary
obstacles to competition, innovation and growth, while
ensuring that regulations efficiently serve important
social objectives
Conclusion
• How we understand the basic relationship between state
and market/capital is critical to how we understand
globalization

• Our answers to the key questions concerning the state

almost over determines our answer to subsequent
questions concerning welfare etc

• Difficult questions to reach definite conclusions to!