Part one of term paper
Economic Effects on Sovereignty Some commentators claim that in the modern world, medium-sized economies do not have economic sovereignty any more. Thus it is necessary to form large economic and trading blocks such as the EU in order to recover some economic sovereignty. There is some truth in the idea that modern medium-sized governments h ...

Part two of term paper
... have much less control. A government that attempted to control capital flows would receive much less international investment than more open competitor nations. Central banks cannot maintain market exchange rates against the will of private investors. Another way in which analysts confuse the aspects of sovereignty is through the conflation of territoriality and economics. The problem lies with characterizations of trans-border economic flows. Questions related to trans-border control, as oppos ...