Globalization and State Sovereignty

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INTRODUCTION There is an undeniable fact that there has been a rise in globalization. It has become a hot topic amongst the field of international politics. With the rise of globalization, the sovereignty of the state is now being undermined. It has become an undisputed fact that the world has evolved to a new level of globalization, the transferring goods, information, ideas and services around the globe has changed at an unimaginable rate. With all that is going on, one would question how globalization has changed the system that is typically a collection of sovereign states. Do states still have the main source of power? What gives a state the right to rule a geographically defined region? It is believed by many that due to the introduction of international systems and increasing rate of globalization, the sovereignty of the state has been slowly eroded over time. My paper has two parts: First, it aims to take a close look at how globalization has changed the way the economy worked, specifically how it opened doors for multinational corporations to rise in power. Second, to answer the question, is it possible for it to exist today? And even so, should it? SOVEREIGNTY Before we delve deeper into this topic, it is imperative to properly provide a definition of sovereignty and lay down some foundation on this topic. There are four different definitions of sovereignty – international legal sovereignty, Westphalia sovereignty, domestic sovereignty and interdependence sovereignty. International legal sovereignty deals with “the practices associated with mutual recognition, usually between territorial entities that have formal juridical independence” (Krasner 4). The main definition of sovereignty that this paper will use is the ... ... middle of paper ... ...risy. Princeton: Princeton University Press, 2001. Print. Works Cited Agnew, John A. Globalization and Sovereignty. Lanham: Rowman & Littlefield Publishers, 2009. Print. Brinkman, June E., and Richard L. Brinkman. "Corporate Power and the Globalization Process." International journal of social economics 29.9/10 (2002): 730-52. Print. De Benoist, Alain. "What is Sovereignty?" Telos 1999.116 (1999): 99. Print. Joel R Campbell, Leena Thacker Kumar, and Steve Slagle. "Bargaining Sovereignty: State Power and Networked Governance in a Globalizing World." International Social Science Review 85.3/4 (2010): 107. Print. Johnston, Eric. (2008, April 22). Yellow dust storms getting worse. The Japan Times. Retreived from Stephen D. Krasner. Sovereignty: Organized Hypocrisy. Princeton: Princeton University Press, 2001. Print.
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