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That is that globalization interferes with economic

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that is, that globalization interferes with economic or politicalsovereignty.What are the generally acceptedcriteriaof sovereignty?In order to be consideredas a sovereign nation, a nation must exhibit:1.Independence of political and economic institutions;2.An effective governmental structure (there are two major governmental models, oneincludingseparate executive, legislative and judicial branches, and a second, termed theparliamentary system,where the government is formed within the governing parliamentarygrouping;3.A defined physical territory;4.The capacity to enter into and conduct foreign relations through treaties or executiveagreements;5.A defined population.Does Globalization interfere with any of these characteristics?Some questions may be considered:Is “Palestine” a sovereign nation?What must happen beforeit might be considered as such?How about Puerto Rico or the Vatican?What about Iraq in theperiod immediately after the demise of Saddam Hussein?Post-Saddam?Today?Is Afghanistan asovereign country?Is it possible for a people to be a “nation” and yet not a sovereign “state”?Overtime, certaincharacteristics of sovereigntyhave been recognized under international law:1.All sovereign nations are presumed equal.2.All sovereign nations have the right to act in pursuit of their legitimate economic, political,or military objectives;3.All sovereign nations have the exclusive right to manage their internal affairs.4.A sovereign nation may, however, choose to act “in consort with” other nations in a widevariety of political and economic matters.For example, there is the concept of “collectivesecurity” for self-defense found inArticle 33 of the Charter of the United Nations(1945)and recognized under a treaty organization such as NATO, the (former) Warsaw Pact, theOAS, SEATO, and a myriad of other regional security organizations and arrangements.11
Sovereign nations are never subject to thecompulsory jurisdictionof international law(e.g., the International Court of Justice, the European Court of Justice, or, problematically,the recently created World Criminal Court) without their consent.5.Sovereign nations are said to possess certain “physical capacities” such as the right toreceive and send diplomatic agents, the capacity to conclude treaties or other internationalagreements (or to enter intoexecutive agreements), or the ability to apply for membershipin a wide variety of international organizations for economic, political, humanitarian, orjudicial (especially dispute resolution) purposes.Nations may decide to join the IMF or theWorld Bank, the WTO, the United Nations or a host of other international organizations.Conducting foreign affairs is a big part of sovereignty.In many cases, this is carried out throughtreaties or executive agreements.Atreatyis a formal agreement between sovereign nations. Anexecutive agreementis an agreement between the heads of government of two or more nationsthat has not been ratified by the legislature as treaties are ratified.

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Term
Spring
Professor
GeorgeV.Priovolos
Tags
Globalization, Test, Economic system, Planned economy

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