Globalised Fluidity: A Threat to Third World Social, Economic and Political Sovereignty of Nation
Abstract:Globalisation in
theory and practice is that global phenomenon which accounts for the
continuously deepening interconnectedness of nation-states, thereby promoting
the replacement of the sovereign states system with a multi-layered and
multilateral system of ‘global governance’ and economy. Its outlook spans
across fields of human endeavour such as sociology, economy, politics, health,
education, technology and culture. There exist varying strands of scholarly
arguments on, for, and against its impacts and tendencies. Also
there is a general assumption
that processes associated with globalisation are affecting the sovereignty of
states. While the extent and implications
of such processes become subject of debate among players. This paper, therefore, examines
the concept of globalisation and forces on socio, political and economic of a nation. There is strong support to the assumption that globalisation
poses a threat to small nations and ensures the dominance of Anglo-Saxon
culture over the others. It further argues that the propagation of
globalisation, despite its positive economic and technological impacts,
promotes capitalism and marginalization even as the Third World countries
battle with issues of cultural devaluation and fluidized political and economic
sovereignty.