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Globalization and suzerainty

Author

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  • Ion Bucur

    (University of Bucharest)

Abstract

Globalization, an asymmetric, complex and controversial process has become the center of the main theoretical debates at the end of the 20th century. The state itself represents a subject of very different approaches which call for reassessing the validity of the opinions regarding its role in the international political economy. Mutations occurred on a political and economic level, the reconfiguration of power and of the “"public"” and “private” notions call for the reconsideration of the traditional vision over the state and its ability of acting as autonomous author, as well as for the introduction of new standards for assessing its activity. Controversial opinions exist regarding the suzerainty and power of the current state. A significant theme is represented by the crisis and implosion of national state, by the undermining of not only suzerainty, but also of the idea of "“national”" economy. Other globalization theoreticians admit the exacerbated effects of such over the internal and external prerogatives of the state. Incontestable, the role of the state in the 21st century is transforming. Important modifications occur in the processes and instruments by which the contemporary state leads the society. There are regarded not only the state's internal organizational forms, but also its relations with the economy. The state is transformed by globalization, yet it will continue to hold an important position in regulating the economic and social processes, as well as neo-liberal failures. Globalization is not the end of the state, but it obliges to reconstruction and rethinking of the intervention way and of the action capacity. Arguments regarding the state'’s transformation should not be confounded with those regarding its decline. In the same time, globalization is only one of the regress factors, and it doesn'’t generate only a cortege of constraints, but also one of opportunities. Even though the state continues to hold an important limit of movement, it confronts the most profound legitimacy crisis in its history.

Suggested Citation

  • Ion Bucur, 2008. "Globalization and suzerainty," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 7(1), pages 65-68, May.
  • Handle: RePEc:but:manage:v:7:y:2008:i:1:p:65-68
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