Which among the following statements are correct about the impact of Globalisation?
(A) Globalisation results in erosion of state capacity.
(B) It means erosion in the ability of the government to do what they do.
(C) All over the world, the old 'welfare state' is now giving way to a more minimalist state that performs certain core functions.
(D) In place of the welfare state, it is the market that becomes the prime determinant of economic and social priorities.