The Impact of Globalization on Sovereignty

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------------------------------------------------- Research Paper ------------------------------------------------- Alexandra Sheffield 100850318 PSCI 2601 ------------------------------------------------- “The impact of globalization on sovereignty and governments pursuing autonomous policies with relation to trade” Globalization has been an increasing trend worldwide within the past two decades, leaving transnational states with the trends of convergence. These trends are seen in the aspects of neoliberal policy convergence, policy practices and their outcomes with subsequent empirical support information, and lastly self-regulation and the indication of lost sovereignty over trade issue. Through the investigation of national production and trade and its relation to convergence, is will be proved that national relations are increasing and trade is becoming simpler for nation states. Globalization with relation to transnational trade and its impact has lead to a convergence of national policies rather than autonomy in terms of structure, process and execution. Neoliberal policy convergence is seen transnationally in two ways, those being that of: the reality of global integration and parallel domestic pressures. With respect to globalization and transnational trade there is a strong pull to conform to neoliberal policy convergence at the international level. This reality of global integration can be seen in many aspects of international trade although it is most evident in labour market policy. There are structural and ideological pressures promoting neoliberal behavior (McBride 2001, 282) that is consequently aiding policies to embrace convergence. With this pressure comes an accelerated rate of change in the labour market most especially in the form of unemployment rates and the exposure of workers to global competition. This leaves states in a

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