Globalization and state sovereignty Essay Example | Topics and Well Written Essays - 1500 words

globalisation and state s everyplaceeignty - Essay ExampleSome snips the issue centers on the exaggeration of globalisation sequence at other times the question centers on whether each material change is brought about. The question lock up remains regarding the loss of state sovereignty or the significance of the state to outside(a) associations. Globalization and its eventful transnationalism has brought about a loss in states sovereignty in some value while Before analyzing this argument of state sovereignty it is important to elaborate upon the different definitions of the concept and its pertinent concept. The autonomy of the state gradually comes to be threatened under the pressures of market forces acting globally, or transnational administrative system. The country states have been losing grip over certain domains within and across the boundaries. Eli Noam observes that the influence of telecommunications bequeath gradually lead to fading of the concept of the territo ry and the idea of a nation exerting influence over electronic communication will become outdated. In most cases the power of the state is fragmented peculiarly in complex system. The power is delegated stepwise to other institutions and organizations for taking collective decisions. It is difficult to identify any single origin of authority especially in the context of the international institutions. The international organizations project a framework which is competitive in nature but their ways of decision making through the rule of agreement or majority rule might lead to decisions which are not in line of descent with the states interest or different form state policy. The minimization or time and space resulting from globalization reduce the role of the state in the global context. This process of globalization, as draw by Ronald Robertson might be stated as compression of the world and the intensification of the consciousness of the world which is caused by the fast progr ess in technology and growing economic activities (Lynch, 51). The self-sufficiency and the proficiency of the countrys power get eroded as the societies are penetrated by international forces. Government therefore loses stop over the local or domestic market and the economy as it incorporates the development of transnational practices and an increase number of inter-state connections (Lynch, 51). Eric Helleiner has however ventured towards a careful analysis of the loss of sovereignty concept. According to him economic globalizations impact on the world is more complex compared to the argument centering on the challenge posed by financial globalization to the nations. His argument speaks in favor of information technology alter the regulatory power of the states. Therefore one cannot say that the sovereign states have been able to regulate international funds into the nations economy. It has often been argued that as the movements of financial capital increased across borders it created pressures for deregulating which in turn provoke liberalization of financial markets. According to Helleiner the influence of the nation states should not be emphasized. This is because the economic globalization has merely led to increase the nation states