This article discusses the concept of sovereignty in terms of globalization and its impact on the sovereignty of states. The conventional norms of sovereignty are always facing challenges. Rapid development, especially in 2nd and 3rd world countries poses numerous challenges to sovereignty in the age of globalization. Globalization transforms the nature of politics and governance, from ‘state-centric geopolitics’ to ‘geo-centric global politics’. There are questions about whether sovereignty will play an essential role in the globalized world or not. The arguments of the effect of globalization on the sovereignty of states are from both negative and positive perspectives.
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GLOBALIZATION AND ITS IMPACT & THE PROBLEM OF SOVEREIGNTY IN GLOBALIZED TIME
Hyper-globalists hold the view that globalization is resulting in the diminishing of the concept of sovereignty. They also argue that global forces limit the ability of governments to control their economies and societies. However, others say that the challenges to sovereignty in the age of globalization are limited. They say that sovereign states are still the principal agents and forces, shaping the world order today. They also entertain the idea that sovereign states always adjust to global requirements. This article argues that the effect of globalization on the sovereignty of states continues to increase over time. The classical concept of sovereignty is diminishing because external intervention is now more legitimized and institutionalized.
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RELEVANCE OF STATE SOVEREIGNTY IN THE MODERN GLOBALIZED WORLD
The concept of sovereignty is still very attractive to weaker states. Outside actors influence Their domestic structures. Their leaders also have little control over trans-border movements and some activities within their country. In such cases, the effect of globalization on the sovereignty of states is limited in the weaker nations. This is because sovereignty provides them with international recognition. Recognition guarantees them access to international organizations and sometimes, international finance. The main challenges to sovereignty in the age of globalization include multilateral institutions. This is because they have the authority to promote universal standards for most things.