Globalization and its Impact on The Sovereignty of Nation-States

Sample Term Paper

Words 1,345

In addition to the MNC’s there are also international non-governmental organizations (NGOs) and independent economic and geopolitical forums like WTO, ASEAN, NAFTA etc. which are moving this world towards a single economic forum. These efforts at creating integrated markets are weakening the power and independence of the nation-states. Global distribution and production of different products would wipe out the national individuality of a product.  Although consumers would benefit to a certain extent this would impact the labor and the land of a nation-state especially the labor markets. The main object of all the MNCs as of any business entity is the maximization of profits.

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