The Nation-State and Globalisation. Objectives of Lecture. Critically explore the relationship between the development of the nation-state and capitalism Assess competing explanations of ways in which contemporary processes of globalization are impacting on states . Structure of Lecture.
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Section One: Exploration of two approaches to understand relationship between Market and the State
Section Two: Analyzes of Contemporary Processes of State Restructuring
“The impersonal forces of world markets, integrated over the postwar period more by private enterprise in finance, industry and trade than by the cooperative decisions of governments, are now more powerful than the states to whom political authority is supposed to belong”
German Corporate Sector Supervisory and Transparency Act in 1998
US 2002 Sarbanes–Oxley Act
Independent regulatory agencies
Purpose of reform is correct market failures and enhance competition \
Market based regulation
Globally recognized regulatory standards