Political impacts of globalization
The longer definition by Colin Crouch goes as follows: "Political globalization refers to the growing power of institutions of global governance such as the World Bank, the International Monetary Fund (IMF) and the World Trade Organization (WTO). Steger in turn wrote that it "refers to the intensification and expansion of political interrelations across the globe". Moghadam defined it as "an increasing trend toward multilateralism (in which the United Nations plays a key role), to an emerging 'transnational state apparatus,' and toward the emergence of national and international nongovernmental organizations that act as watchdogs over governments and have increased their activities and influence". Thompson has defined it as "the expansion of a global political system, and its institutions, in which inter-regional transactions (including, but certainly not limited to trade) are managed". 4 Political Globalization and Nation State.Political globalization is one of the three main dimensions of globalization commonly found in academic literature, with the two other being economic globalization and cultural globalization. The creation and existence of the United Nations is called one of the classic examples of political globalization. One of the key aspects of the political globalization is the declining importance of the nation-state and the rise of other actors on the political scene. That system includes national governments, their governmental and intergovernmental organizations as well as government-independent elements of global civil society such as international non-governmental organizations and social movement organizations. Political globalization refers to the growth of the worldwide political system, both in size and complexity. The UN is one of the key organizations in the process of the political globalization The Flag of the United Nations flying at United Nations Plaza in the Civic Center, San Francisco, California.