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The Importance Of Sovereignty Today Essay

2362 words - 9 pages

Is the concept of sovereignty beneficial in our lives today despite the onset of globalization? While many people may argue that the benefits of globalization outweigh those of sovereignty, few would recognize the fact that there is still a need for sovereign states in our societies today in order to eliminate, for instance, the demise of the middle class, and the social disintegration between lower wage earners and higher salary earners that comes about as a result of globalization. In this essay, I argue that despite the fact that the idea of sovereignty within individual states at the present time is declining in nature as a result of globalization, sovereignty should have a role to play in our everyday lives as it offers countries with the opportunity to create their own laws that best fits their own objectives. I acknowledge that globalization and the elimination of sovereignty brought about by globalization offers many advantages to the countries involved, but show that the consequences of the onset of globalization and the elimination of sovereignty within individual states outweighs the benefits that have been brought about by globalization.
It is first important to define exactly what the key terms of this discussion are, namely "globalization" and "sovereignty". Globalization can be defined as the "ongoing movement towards economic, political, social, and cultural interdependence that has, for good or ill, reduced the autonomy of sovereign states" while sovereignty can be defined as the "principle of self-government; to say a state is sovereign is to claim that it has monopoly of force over the people and institutions in a given territorial area" (Garner et al. 455, 459). Globalization has been on the rise since the end of the second world war, through the advancement of science and technology with special emphasis on the rapid development of computer technology in the late nineteen hundreds(Wang, 474). This has led to the inter-connectedness of the countries of the world making the world "transnational" and with this comes a great number of negative consequences; the main one being that the whole concept of sovereignty is slowly deteriorating with the rapid movement of globalization.
The Asian Financial Crisis that broke out in Thailand in the 1970's is an example of a negative consequence of globalization. Initially, capital was flowing so quickly and freely easing the flow of international trade. Eventually, however, this free and quick movement of capital around the world became uncontrollable and led to the crisis that would have not taken place had globalization ceased to exist(Wang 474). Edward Cohen sites William Grieders formulation which states that globalization has sweeped over the affairs of mere governments and destabilized the established political orders in both advanced and primitive societies(Cohen 77). This clearly implies that globalization has led to political instability within societies since there is the...

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