This study is focussed on the impact of imperilist globalization on the ideological and intellectual make up of Third World leaders of the ruling Classes, Nations and States. Imperialist globalization of the 1990s has impacted very powerfully on the thinking processes of the leaders of society and the state who have accepted their incapability to stand up against the pressures and dictations of the supra-National capatlist institutions, Democracy, Nation and state are relevant even for the currently Globalised Twenty first century.