Individual Assignment Essay Example | Topics and Well Written Essays - 3000 words - 1

Individual Assignment - Essay Example The geographical concentration of production units which was once part of the developed world such as US, UK and other parts of the Europe is now clearly finding its way towards cheaper and sustainable production locations across the globe. What is critical to note and understand however, is the fact that automobile industry has remained also one of the symbols of national pride for the developed economies. US and other economies have virtually developed with the development of their automobile industry and it was also because of this reason that after the financial crisis of 2008, US government injected large amount of money into the automobile industry in order to help it survive the recession. Though the traditional concept of nation-state is linked with the geographical area from where political legitimacy as a sovereign state can be driven however, the overall concept has changed over the period of time. (Ersoy, 2010).   Since the advent of globalization, it has been advocated that world has become border less and the role of State has either been vanished or is minimized to the best. This however, has not been the case as State and the concept of nation-state has survived over the period of time. (Dicken, 2007) In traditional sense, a State is usually a political and geographical entity whereas the nation is more of a cultural concept. The nation-state therefore is a concept which combines both the concepts and suggests that nation-state can be formulated at different times and different places in the world. A nation-state therefore has an official language, its own legal system, issues a currency, and makes use of bureaucracy to order the overall society. A nation-state also extracts the legitimacies and loyalties for abstract entity called State. (McNeely, 1995) The advent of globalization has resulted into a gradual decline in the power of State to work