Territory and borders are increasingly irrelevant in todays global economy. Discuss.

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                                                                                                                                                                                              201206031                                                                                                   Territory     Territory and borders are increasingly irrelevant in today’s global economy?

The natural way we imagine the concept of territory and borders is through a nation state, since defining one is a bit of a tricky task but for our purposes, a nation state can be defined as one which has a functioning centralised government put in place that possesses the ability to exercise authority over a distinctive territory. Unless you’re over the age sixty you've only ever known a world of nation states. Nationhood and empire have long been the dominant way we’ve organized ourselves economically, politically and socially or at least the way that other people have organized us, the ottomans to former Soviet Union and the United States are great examples, but the global market exceeds that level of influence or with no fixed borders.

The shrinking world concept best describes the globalisation process with regional integration, plus increasing transborder flows, put a big question mark on the importance of state sovereignty and territorial borders with more Internationalisation taking place. However in the mitts of this global downturn state sovereignty and territorial borders have taken resurgence in importance so liberalisation that took place in the boom years is now being met with serious criticism. Quote by The Economist ‘The world became as tightly linked, economically, as it had ever been. It makes perfect sense that a downturn anywhere would become a downturn everywhere.

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Previously Borders were becoming less of significant issue in Europe, since the European Union was established back in 1957 with six original member’s states which now include nineteen more in this economic and political union centralised in Brussels. The ability of free movement of EU citizens between member states plus the easy transfer of goods to trade in 27 economies with lower taxation are obvious incentives to join, however with the decision making coming from one centralised location by imposing polices that have not  been produced and approved by individual states means the ability of those individual representatives have a ...

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