Enhancement of National Economic Sovereignty through International Institution from the Perspective of Changes of Sovereignty's Connotations
Song Yan
Abstract
Song Yan
Abstract
By examining changes of sovereignty's connotations,it can be known that international institution and economic sovereignty are not in conflict with each other in a zero sum game.By cooperation through international institution,countries do not transfer their sovereignty,resulting in restriction of their economic sovereignty.In fact,by actively undertaking international obligation,a nation can control their domestic interest groups and prevent them from capturing the government by rent-seeking and then force the adoption of protectionism policies.Undertaking international economic obligations will not restrict the economic sovereignty of a country.On the contrary,their economic sovereignty will be enhanced to ensure the achievement of economic target and the increase of domestic public welfare.
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By examining changes of sovereignty's connotations,it can be known that international institution and economic sovereignty are not in conflict with each other in a zero sum game.By cooperation through international institution,countries do not transfer their sovereignty,resulting in restriction of their economic sovereignty.In fact,by actively undertaking international obligation,a nation can control their domestic interest groups and prevent them from capturing the government by rent-seeking and then force the adoption of protectionism policies.Undertaking international economic obligations will not restrict the economic sovereignty of a country.On the contrary,their economic sovereignty will be enhanced to ensure the achievement of economic target and the increase of domestic public welfare.
Key concepts: Sovereignty, Institution, Protectionism, Government (linguistics), Political science, Economics, Popular sovereignty, International trade