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Globalisation and Sovereignty - Essay Example
Is Globalisation a threat to sovereignty According to IMF website 'Economic "globalisation" is a historical process, the result of human innovation and technological progress'. It has led to integration of various economies and the term also means the mobility of people and knowledge across the international borders…
"Political life is impossible, it seems without some kind of bordering, some distinction between 'insiders' and 'outsiders'. All political entities whether formal (cities, states, empires) or informal (tribes, guilds, universities) find it necessary to distinguish between members and non-members," (Brown, 2002, p.19).
It is interesting to see the amount of political changes globalisation has affected in the last one and half decades. Countries with suspiciously Communist colours are trying hard to become socialists. Hardliner Communists like Cuba are posing as progressively Communist. Uncompromisingly Communist China is unwillingly opening the economic doors and making a noise about liberalising communist institutions. Countries with dictator rulers like Pakistan, Myanmar, are trying hard to look more and more democratic. Communist parties in countries of erstwhile Soviet Union are becoming raving socialists overnight. Hence, political affect of globalisation had been immense. At the same time, it also posed a threat to the independence and absolute sovereignty of nation states. Across-the-nation multi nationals, international standards of quality adherence, international demands on time, production, and supply etc. ...