The main aim of this paper is primarily to prefigure to what extent contemporary globalization impacted on nation-states role, importance, sovereignty and autonomy.The study is based on document analysis.It shows that the contemporary phase of globalization is profoundly shaped and impacted states, forced to adjust them with the changes coming with globalization.But this doesn't make states less significant and their role restricted.Rather they redefine their role and pursue wider policies to overcome the challenges of it.Yet unlike the Westphalia State System (1648-1945) the contemporary states sovereignty and autonomy is somewhat subject to compromise.