Globalization and Its Effect on National Sovereignty in Developing Countries
DOI:
https://doi.org/10.47672/ajir.2418Keywords:
Globalization, National Sovereignty, Developing CountriesAbstract
Purpose: The aim of the study was to assess globalization and its effect on national sovereignty in developing countries.
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: The study indicated that the increasing interconnectedness of economies through trade, investment, and technology has led to a shift in power dynamics, where international institutions, multinational corporations, and global market forces exert considerable influence over national policies. In many cases, developing countries face pressure to conform to global standards, particularly in areas such as trade liberalization, environmental regulations, and human rights. While globalization has brought economic growth and access to global markets, it has also exposed developing nations to external vulnerabilities, limiting their capacity to protect local industries, regulate foreign investments, and maintain cultural and political autonomy. Consequently, the sovereignty of developing nations is often compromised, as they navigate the complexities of integrating into the global economy while preserving their national interests.
Implications to Theory, Practice and Policy: Dependency theory, world-systems theory and neoliberalism may be used to anchor future studies on assessing globalization and its effect on national sovereignty in developing countries. In practice, developing countries should focus on building stronger domestic capacities to mitigate the negative effects of globalization. Policymakers in developing countries need to adopt strategies that balance global integration with the preservation of national sovereignty.
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