Question

Explain any two political consequences of globalisation.

Hint:

Mention the lower role of the state in welfare and the rising power of multinational companies and global bodies.

Answer 1

Step 1: Understand the question:
Political consequences are the changes in the power and role of the state.
Two such effects are enough for 1 mark each.

Step 2: Consequence 1: Reduced capacity of the state:
Governments now do less in welfare and public services, and they leave more to the market.
The idea of the minimal state is becoming common, and the state has less freedom in economic policy.

Step 3: Consequence 2: Rise of other powers:
Multinational companies, the WTO, the IMF and the World Bank now have a strong say in the policies of many states.
So the power to decide is shared with outside groups.

Final Answer:
Two political consequences: a smaller role of the state in welfare, and a greater influence of global bodies and companies.