1997, p.1). Many professionals ranging from commentators to journalists, from politicians to scholars across all disciplines, have tried to describe and analyze this phenomenon and tend to agree that "globalization," along with the halt of the Cold War, has radically changed the basic "rules of the game" for a variety of key factors, particularly states (Smith et al. 1997, p.1).
With the onset of this "globalization" and transnational companies, there have been long debates about the relationship of so-called sovereign states to each other (Wallerstein 1999, p.20). Wallerstein (1999) states that views range from those who emphasize the effective sovereignty of the various states to those who are cynical about the ability of so-called weak states to resist the pressures (and blandishments) of so-called strong states. Krasner (1999, p.34), on the other hand, reports that some analysts argue to the point that the world is entering into a new era, one in which the existing institutional structures, especially the sovereign state (by which they often mean several different things) is being undermined weakened, marginalized, or transmuted, by globalization.
According to Krasner (1999, p.34-35), globalization can mean some mix of developments that might include the legitimization of human rights, the digitalization of transactions, the speed of communica ...Show more