Globalisation, International Negotiations and Economic Sovereignty Cover Image

Globalizacija, međunarodno pregovaranje i ekonomski suverenitet
Globalisation, International Negotiations and Economic Sovereignty

Author(s): Mirjana Dejanović
Subject(s): Supranational / Global Economy
Published by: Институт за међународну политику и привреду
Keywords: Globalisation; international negotiations; diplomacy; neoliberalism; multilateralism; interregionalism; sovereignty

Summary/Abstract: Globalisation is the process that brings about controversial opinions. According to some authors, globalisation is the highest level of development of our society. However, on one hand, it has enabled economic strengthening and prosperity to some states, while to some others it has done harm and has even more deepened the economic gap between developed and underdeveloped countries in the world. The cause of that lies in the fact that not all countries have equal opportunities for development and economic growth. Some countries have used globalisation processes and energy sources they are rich in to achieve strong economic growth and strengthening of their economies. The others, which are not rich in energy substances and have no natural resources, are usually at low level of development, their unemployment rate is very high, they have numerous social problems and their foreign trade and balance of payment deficits are high, which they usually try to reduce by taking new credits. When states are becoming economically dependent they first lose their economic and then political sovereignty. Globalisation and an increasing number of factors in the international negotiating process, including the creation of numerous NGOs, have additionally made international negotiations difficult. Diplomatic activities are becoming increasingly complex and one of the possible ways for correcting the process of globalisations includes international multilateral negotiations at the interregional level.

  • Issue Year: 63/2012
  • Issue No: 1148
  • Page Range: 137-160
  • Page Count: 24
  • Language: Serbian
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