Developments Concerning the Concept of Nation States’ Sovereignty in the 21st Century
- Author Alex Pongrácz
- DOI 10.17605/O
- Country : Hungary
- Subject : Governance and Public Policy
Keywords : sovereignty, nation state, globalization
Abstract
From the second half of the 20th century, a comprehensive “offensive” was launched from different directions against the nation state, with considerable success. As a result, an almost incomprehensible number of authors talk about the erosion, fading or even disappearance of traditional state sovereignty. Since the last quarter of 20th century globalization, regionalization and deregulatory trends fundamentally corroded the traditional conception and construction of sovereignty. The dominance of monetarist-neoliberal doctrines has led to a change in the role of states in the sphere of social and economic production. These developments announced the primacy of market trends, the drastic reduction of economic and social intervention, and the need for international economic integration. Due to the growing prominence of global regulatory authorities (IMF, World Bank, WTO, OECD) in parallel with the increasing influence of transnational corporations, the traditional sovereignty of nation states had become increasingly volatile.
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