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National Sovereignty Vs. Globalization

Author

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  • Michele Marsonet

Abstract

Globalization entails the increasing volume, velocity and importance of flows within and across borders of people, ideas, goods, money, and much else, thus challenging one of sovereignty�s basic principles: the ability to control what crosses borders in either direction. Sovereign States increasingly measure their vulnerability not to one another, but to forces beyond their control. Necessity may also lead to reducing or even eliminating sovereignty when a government, whether from a lack of capacity or conscious policy, is unable to provide for the basic needs of its citizens. This reflects a view that state failure and genocide can lead to destabilizing refugee flows and create openings for terrorists to take root. Globalization is frequently discussed as a counterpoint to national sovereignty. It is commonly asserted that globalization has eroded national sovereignty or that it has rendered borders obsolete. In particular, it is asserted that, in a globalized world economy, governments have no alternative but to adopt neoliberal economic policies of privatization, deregulation and reductions in public expenditure. However, in the contest between social democracy and neoliberal globalization, the nation�state per se is only marginally relevant. The crucial issue is whether policy will respond to the wishes of a democratic electorate, or be tightly constrained by the �Golden Straightjacket� of international financial markets.

Suggested Citation

  • Michele Marsonet, 2017. "National Sovereignty Vs. Globalization," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 15, pages 47-57, January.
  • Handle: RePEc:etc:journl:y:2017:i:15:p:47-57
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    References listed on IDEAS

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    1. Michele Marsonet, 2010. "National identity and global culture," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 1, pages 44-48, April.
    2. Arta Musaraj, 2013. "Intercultural and Interreligious Communication in the Balkan," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 7, pages 36-43, January.
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    Cited by:

    1. Arta Musaraj, 2020. "The Pandemic and Rhetoric of Organization," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 22, pages 21-29, July.
    2. Pedro Miguel Alves Ribeiro Correia, 2019. "On the Globalization of Political Power and the Added Relevance of Institutions in Contexts of Multifaceted Populism," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 20, pages 182-198, January.

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