Economic Sovereignty
/ˌiːkəˈnɒmɪk ˌsɒvrɪnˈtiː/
Definitions
- (n.) The legal and political authority of a state to control its own economy, including regulation of resources, trade, and financial systems without external interference.
Economic sovereignty enables a nation to enact policies that protect its domestic industries.
- (n.) The capacity of a state to independently make decisions concerning its economic policy and development within the framework of international law.
The treaty raised concerns about potential infringements on the country's economic sovereignty.
Forms
- economic sovereignty
Related terms
See also
Commentary
Commonly discussed in contexts of globalization and international trade agreements, economic sovereignty highlights tensions between national control and international obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.