GLOBAL GOVERNANCE VS. NATIONAL SOVEREIGNTY IN A GLOBALIZED WORLD

Sabina Tuca ()
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Sabina Tuca: Faculty of Economics and Bussines Administration, Alexandru Ioan Cuza University of Iasi, Romania

CES Working Papers, 2015, vol. 7(1), issue 1, 193-201

Abstract: The global economic and financial crisis of 2007 highlighted the risks, threats and enormous costs of a global economy in the absence of a global government. The aim of this paper is to emphasize the importance of global governance in a world in which states are facing the erosion of national sovereignty. The two concepts are being analyzed from various points of view, including current challenges and future scenarios. Despite the fact that states, especially major powers, are not prepared to accept some elements of global governance and the limits that they would put on their national sovereignty, recent developments seem to make global governance a key component of the international scene.

Keywords: global governance; national sovereignty; globalization (search for similar items in EconPapers)
JEL-codes: F52 F53 F69 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2015:v:7:i:1:p:193-201

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