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Article

New Foundations of International System or Why do States Lose Their Sovereignty in the Age of Globalization?

Journal of Globalization Studies. 2012. No. 3. P. 3-38.

The process of globalization undoubtedly contributes to the change and reduction of the scope of state sovereign powers. The list of threats to state sovereignty often includes global financial flows, multinational corporations, global media empires, and the Internet etc. At the same time (note that this point is debated surprisingly little and occasionally), since the end of World War II, increasingly more states have been willingly and consciously limiting their sovereign rights. And what is extremely important, many countries quite often give away some of their sovereign powers voluntarily. In the article, it is argued that the factor of voluntariness in reducing one's own authority is, no doubt, the most important in understanding the future of the state.

There are several reasons for such voluntariness and ‘altruism’, including the fact that such a restriction becomes profitable, as in return the countries expect to gain quite real advantages especially as members of regional and interregional unions. The transformation of sovereignty proceeds somehow almost in all countries. However, it is more characteristic of Western countries.