With the waning of globalization, post-Cold War world is becoming a site of sovereign nationalism.” Elucidate.(10 marks) 150 words

Introduction

The post–Cold War period initially witnessed rapid globalization characterized by free trade, interconnected markets, and multilateral cooperation. However, recent geopolitical and economic developments indicate a shift toward sovereign nationalism, where countries prioritize national interests, strategic autonomy, and domestic economic security.

Body

Reasons for the Rise of Sovereign Nationalism

• Economic Protectionism: Countries increasingly adopt protectionist policies to safeguard domestic industries and jobs.

• Geopolitical Rivalries: Conflicts such as the Russia–Ukraine War (2022) have intensified national security concerns and disrupted global supply chains.

• Strategic Autonomy: Nations seek to reduce dependence on global networks by strengthening local manufacturing and technology capabilities.

• Declining Faith in Multilateralism: Institutions like the World Trade Organization (WTO) face challenges in resolving global trade disputes.

• Rise of Populism: Domestic political movements increasingly emphasize national identity and sovereignty.

Conclusion

Thus, while globalization continues to influence economic interdependence, the contemporary world reflects a balance between global cooperation and sovereign nationalism, with states prioritizing national interests while engaging selectively in international partnerships.