Globalization and State Sovereignty

Globalization Without any iota of doubt had contributed to bring lot of changes and reductions to the scope of State Sovereign Powers. There had being numerous threats to the state sovereignty of which special can be made of Global financial flows, multinational Corporations, global media empires and the internet. The World War Second had changed everything drastically and most of the sovereign state deliberately and consciously limited their rights. The reasons behind such deliberate acts on the part of such sovereign states was that they had the intention to gain quite real advantages by becoming the members of regional and inter regional unions. Globalization gave us an alarm call that the lines ahead to us are a great threat in the form of capital labour and the different inequalities which could make us pay a heavy price, If we don’t listen to the call of the hour which is to limit hour aggressive power’s for the betterment of our societies in general end of the world in particular. This deceleration given by the former president of the international court of justice represented the conventional wisdom about of global governance.