... foreign firms considered economically useful for tax benefits and other cost effective substitutes.3 Effect on sovereignty With the emergence of globalisation, issues of national economic and social policy, their political ability to represent and regulate, their provision of a rule of law system and guarantees of property rights and basic civil rights, many accepted states have only the trappings but not most of the effective functions of states. The activities of some state institutions appear to make human flourishing and economic activity more rather than less difficult. In some cases, they have neither monopolized the use of force nor achieved the maintenance of basic order; in other cases, there is order, but it is not provided by the institutions of the state. This leads to the traditional sovereignty-based system of international law proved to be a travesty, in which priorities of good governance and human welfare were subordinated to a very ...

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