Globalised Fluidity: A Threat to Third World Social, Economic and Political Sovereignty of Nation

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.