Analyse the Effects of Economic¬ Globalisation on National Sovereignty
Word Count: 1258 words
Global Politics Essay
Shaian Rawlins
Does economic globalisation really have an impact on national sovereignty? Economic Globalisation is economic combination of national, regional and local economics to enable a strong cross-border trade movement of goods, services, technologies and capitals. National Sovereignty can be defined as a country having total control over its own land territory, goods and services, militia etc. without other states interfering with its economic or political stance. A nations sovereignty can be questioned if the country needs aid from neighbouring countries, a conflict is happening within a country or there is interference …show more content…
The European Union is able to pass and govern laws, most of which are the same within most countries which are in the European Union. The European Union also creates a platform for European Countries to trade, export and import their goods into each other’s country without any difficulties which then is able to boost a countries economy as their might be a demand of that certain product within that country. The European Union is able to free movement across Europe for EU citizens allowing European Citizens to retire and reside in another country which is part of the EU. The countries part of the European Union’s relationship is based on trust and mutual vulnerability meaning that each country part of the EU trusts each other not to trick each other in unreliable and secretive deals. Because of this mutual trust and agreement, states voluntarily give up parts of their national sovereignty to form a much bigger and stronger sovereign entity. Because the European Union is a group of countries that have voluntarily given up their national sovereignty one is able to question whether economic globalisation only has an impact on the country or has a monopoly effect and have an impact on the countries surrounding it and countries which have an economic and political background with …show more content…
For example, the Euro Crisis, because most of the countries that use Euro are from the European Union excluding San Marino, Monaco, Vatican City and Andorra, most countries suffered greatly such as Greece. Before the EU crisis, Greece was in great debt, this therefore has a great effect on the European Union. Because of this Greece’s national sovereignty is lost as it now relies on aid from other countries – including the US and Canada - and interface from other European countries to help stabilise its economy. But as this has become and increasing problem for the EU members to deal with, either outcome – Greece leaving the EU – could create a domino effect and cause other EU members to leave causing a problem for the remaining EU members and a failed European Union. Strong EU countries are affected by economies beyond their territory for example, Germany used to sell a lot of weaponry towards the Greeks and because of the Greek Crisis, Greece can no longer buy Weaponry from the Germans which then has in impact on the German Economy. Because of this, if a crisis were to go wrong within the EU there would be more negative effects as it does not impact just one country but the whole sovereign
Word Count: 1258 words
Global Politics Essay
Shaian Rawlins
Does economic globalisation really have an impact on national sovereignty? Economic Globalisation is economic combination of national, regional and local economics to enable a strong cross-border trade movement of goods, services, technologies and capitals. National Sovereignty can be defined as a country having total control over its own land territory, goods and services, militia etc. without other states interfering with its economic or political stance. A nations sovereignty can be questioned if the country needs aid from neighbouring countries, a conflict is happening within a country or there is interference …show more content…
The European Union is able to pass and govern laws, most of which are the same within most countries which are in the European Union. The European Union also creates a platform for European Countries to trade, export and import their goods into each other’s country without any difficulties which then is able to boost a countries economy as their might be a demand of that certain product within that country. The European Union is able to free movement across Europe for EU citizens allowing European Citizens to retire and reside in another country which is part of the EU. The countries part of the European Union’s relationship is based on trust and mutual vulnerability meaning that each country part of the EU trusts each other not to trick each other in unreliable and secretive deals. Because of this mutual trust and agreement, states voluntarily give up parts of their national sovereignty to form a much bigger and stronger sovereign entity. Because the European Union is a group of countries that have voluntarily given up their national sovereignty one is able to question whether economic globalisation only has an impact on the country or has a monopoly effect and have an impact on the countries surrounding it and countries which have an economic and political background with …show more content…
For example, the Euro Crisis, because most of the countries that use Euro are from the European Union excluding San Marino, Monaco, Vatican City and Andorra, most countries suffered greatly such as Greece. Before the EU crisis, Greece was in great debt, this therefore has a great effect on the European Union. Because of this Greece’s national sovereignty is lost as it now relies on aid from other countries – including the US and Canada - and interface from other European countries to help stabilise its economy. But as this has become and increasing problem for the EU members to deal with, either outcome – Greece leaving the EU – could create a domino effect and cause other EU members to leave causing a problem for the remaining EU members and a failed European Union. Strong EU countries are affected by economies beyond their territory for example, Germany used to sell a lot of weaponry towards the Greeks and because of the Greek Crisis, Greece can no longer buy Weaponry from the Germans which then has in impact on the German Economy. Because of this, if a crisis were to go wrong within the EU there would be more negative effects as it does not impact just one country but the whole sovereign