globalisation and sovereignty

             Globalization and the National Sovereignty
             During the 1990s, the globalization emerged as one of the central terms in political conflict and political analysis around the world. In political science, globalization became perhaps the most widely used phrase to characterize the social, economic, and political changes that reconfigured the map of world politics over the decade. The controversies surrounding globalization had a certain pattern, always returning to the relationship between the modern nation-state and the international social, economic, and political context in which it is situated. A close look at any of the debates or conflicts surrounding globalization suggests that they are indicative of important changes going on in the nature and role of the boundaries that both separate states from each other, and the international environment, and regulate the relationships between the states and this environment. Whether the specific issue concerns trade policy, the power of financial markets, or the impact of immigration, most discussions of globalization eventually turn to the question of the role of the state in a new, globally organized social and economic context.
             In fact, globalization as a process of world economic integration and interdependency is far from being new, and it could be argued that this process has its roots in time immemorial when humanity first found it advantageous to trade surpluses of goods with one another. But what we call "globalization"- at the very least in the strictest economic sense of this term - is nothing more than a continuum of a genuine and very human historical process. However, it needs to be acknowledged that this latest economic globalization has been much faster, and much more dramatic in its unprecedented power to influence culture on a global scale. So, we can define globalization as "the integration of trade, finance, and information that is creating a single ...

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