Assertion (A): All over the world, the old 'welfare state' is getting more importance.
Reason (R): Due to globalisation, the state withdraws from many of its earlier welfare functions and the market has become the prime determinant of economic and social priorities.
Show Hint
Globalization generally shifts the state from a Welfare State model to a Minimalist State model, which restricts state functions to primary security, keeping law and order, and enforcing contracts.