Economic Effects On Soveriegnt
Economic Effects on Sovereignty
Some commentators claim that in the modern world, medium-sized economies do not have economic sovereignty any more. Thus it is necessary to form large economic and trading blocks such as the EU in order to recover some economic sovereignty. There is some truth in the idea that modern medium-sized governments have less control than they did in the past. "From about 1930 to about 1970 governments had a historically unusual degree of control over their economies"(Walker 3). They could fix market exchange rates, limit imports through tariffs and quotas, control capital flows, and boost domestic production. In the 1990s capitalist governments have much less ...
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issues, have also exercised states. The claims states have made with regard to authoritative control of movements of people, commodities, investments, and information, ideas, or culture across their international boundaries have changed across time and over countries. (Krasner 86)
The question of trans-border flows of information, ideas, and culture will be dealt with below. At issue here is how economic sovereignty and territorial sovereignty interact. Put differently, how do trans-border economic flows affect territoriality? As is the case with political sovereignty, economic sovereignty has no direct effect on territorial sovereignty. To be sure, goods and capital move across borders, but these economic trans-border flows do not necessarily challenge how states recognize each other's borders or how states defend their borders. Indeed, it would seem that the ways in which international economic interactions have been organized and regulated, both on the state and international ...
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"Economic Effects On Soveriegnt." Essayworld.com. November 17, 2008. Accessed April 25, 2025. http://www.essayworld.com/essays/Economic-Effects-On-Soveriegnt/93225.
"Economic Effects On Soveriegnt." Essayworld.com. November 17, 2008. Accessed April 25, 2025. http://www.essayworld.com/essays/Economic-Effects-On-Soveriegnt/93225.
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