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Globalisation's impact on nation states encompasses welfare state adaptations, regulatory challenges in global finance, educational transformation, and political dynamics. Nation states are strategizing to manage tax competition, migration, and financial market complexities while investing in human capital and international cooperation to foster economic growth and maintain sovereignty.
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Nation states are adapting to globalisation by diversifying their economies to better absorb economic fluctuations
Skills for the 21st Century
In response to globalisation, nation states are investing in education to equip students with skills for the 21st century workforce
To address the challenges of globalisation, states are strengthening social safety nets for vulnerable populations
The growth of global finance has led to the need for enhanced international regulatory frameworks to effectively regulate complex financial markets
Role of the IMF and World Bank
International financial institutions, such as the IMF and World Bank, play a role in shaping national economic policies
In response to globalisation, states are striving to promote ethical business conduct and transparency in financial systems
Globalisation has prompted institutions to embrace lifelong learning through online courses and international partnerships
Language Learning and Intercultural Competence
Nation states are incorporating global perspectives into education, promoting language learning and intercultural competence
In response to globalisation, states are investing in technology to enhance education and prepare students for a globalised workforce
Nation states must carefully balance domestic priorities with international responsibilities in the realm of global politics
To manage the relationship between national and international politics, effective diplomacy and negotiation are essential
To remain influential and stable in a globalised context, states engage in international organisations, adapt to global economic trends, and strengthen domestic institutions
00
The ______ faces pressure from issues like ______ competition and ______, impacting social services.
welfare state
tax
migration
01
Due to the emergence of ______ and transnational financial dealings, ______ have grown more intricate, requiring stronger ______ regulations.
multinational corporations
financial systems
international
02
Impact of globalisation on welfare state tax bases
Globalisation can shrink tax bases as companies and individuals engage in international tax competition, reducing funds for welfare.
