The impacts of economic globalization over sovereignty

Abstract

Economic globalization impacts the production modes of law, the conception and the classic functions of the state as well as the traditional conception of sovereignty. In the reality of global interdependence it is not more sustainable concepts of isolated states, which must come participating within the global reality in international entities like the WTO and Mercosul and the supranational entities, as the European Union. The insertion of this reality and the requirements of the current economy require a reconfiguration of sovereignty, so that we reach an at least partial sharing of competences to action on the global stage. In this perspective, sovereignty as indivisible and absolute power is no longer possible, it is necessary to reconfigure the concept, without abandoning the Nation State.