The Demise of the Nation-State?

in Theoria
Author: Martin Carnoy
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Few dispute the notion that the rapid development of industrialising economies in Asia and Latin America, new information technologies, liberalisation of trade, and global financial markets have contributed to the emergence of a truly global economy in the past ten years. Neither do they dispute that national economies almost everywhere in the world have become increasingly less ‘national’. Most countries’ foreign trade has increased, and in many, foreign investment and payment on foreign debt have become more prevalent than in the past. Labour movements also appear to be increasing, especially the movement of highly skilled labour. But does this mean that nation-states have decreased influence over the definition of economic and social life? Does globalisation imply the demise of the nation-state?

Theoria

A Journal of Social and Political Theory

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