Economic

A SHIFT IN THE PARADIGM OF NATIONAL SOVEREIGNTY WITH THE ADVENT OF GLOBALIZATION Aneesh Singh, LL.M. (Corporate and Financial Law & Policy) Jindal Global Law School, Sonipat, Haryana Download Manuscript ABSTRACT The concept of sovereignty has been prominent for ages. Yet, the advent of globalization has brought a significant turn of modernization to this concept. As globalization has stepped foot in today’s world, sovereign policy has been affected by international ideas with various challenges and opportunities. The shift from one nation strategies to multi-national policies has brought a diverse change in the concept of sovereignty. This paper analyses the same, as with the increasing interconnection, trade liberalization, immigration access, flow of capital and technological advancement the traditional functioning of sovereignty faces significant challenges. Subsequently, it is noticed that with the challenges posed by globalization the nations find them constrained by international agreements, standards and regulations which limit their ability to pursue autonomous policies. The research paper also dives deep into the dynamic immigration policies as a part of globalization and understand how sovereign states have incorporated non-rigid international policies which have let the migration into free flow to accommodate the international economic standards. Furthermore, we understand how nations have to increasingly “manage” national politics in such a way as to adapt them to the pressures of trans-national border movements. Also, we analyze the impact of international organizations like WTO and its agreements on socio-cultural and economic protocols. In conclusion, this research paper contends that globalization has a multifaceted impact and requires a structural analysis when it comes to dealing with national sovereignty. It is viewed that globalization’s major impact has been altering the scope of state authority, and the same is analyzed in this paper from the economic and social point of view. We also add that such alteration is done with free will and is for the benefit of the sovereign state and the state can refrain from this global involvement if it wishes to do so. Type Information Research Paper LawFoyer International Journal of Doctrinal Legal Research, Volume II, Issue I, Page 490-502. Creative Commons Copyright This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. Copyright © LIJDLR 2024