1. Globalization affects national sovereignty of both developing countries as well as developed countries. By sovereignty, we mean the independence of countries to make decisions and conduct policy in different areas like the economy, corporate and industry related legislation, environmental regulations, politics, etc. From the video, please provide one example each of how globalization infringes on the national sovereignty of, a) a developing country, and, b) a developed country? How, and through which agency/organization/rule, did each of the above infringements occur?
Globalization infringes on the national sovereignty of a developing country and a developed country. In a developing country, there is usually suspicion that developed countries may benefit at the expense of local populations. There is the fear of control and independence, therefore reducing foreign trade and investments. In developed countries infringement is usually economically and politically influenced. The US influences foreign trade and investments for economic and political reasons - military hardware, communications and transportation are the main factors in which these infringements occur. The Japanese promotes exports and discourage imports. For example, in the 1960’s cars and electronics were successfully promoted in the US and other countries.
Infringements occur through the World Trade Organization (WTO), International Monetary Fund (IMF) and the European Union (EU) who dictate policies rather than promote them. Many countries cannot establish nor enforce laws and policies to protect them. These organizations who are are supposedly creating and enforcing rules for national trade are the same organizations who are somewhat responsible for the loss of national sovereignty. These super-organzations are viewed as out of control, overly powerful and only accountable and supportive to wealthy companies. Their argument is that there should be a balance among nations to...
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