Explain how processes of economic and political globalization both support and limit each other (e. g. how economic globalization weakens the economic role of the nation-state)

Explanation:

The globalization process can be understood as the reduction of geographical limits due to new technologies, which made possible the social, economic and political integration of one country with the other.

This phenomenon can be supported or retained by political biases, in the sense that in a free-market capitalist economy, there is little governmental interference, so the economic sector is shaped by the proper market conditions, so this would be a cause of weakening of the state. nation, which would strengthen globalization and the search of companies for economic advantages in other countries.

It is also important to emphasize that politics can limit globalization in the sense of placing legislative and bureaucratic barriers that hinder the exchange for products and services on a global level for some reasons, such as favoring the domestic economy, etc.

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