There are certain international institutions that have built reputations that may often appear to challenge or confront the national sovereignty of most countries. Most of these international and regional organisations draw membership from sovereign nations by consent than force. Such are correctly referred to as Supranational organisations than ‘super’ national. The more global organisations concentrate on a particular space like trade, politics or indeed finance with intention to reduce friction among member states in those areas of interest to that organization.Members states fully understand that, at some point, their policies may reflect the intentions of that organization more than the domestic economy. The reasons for this could be an intention to create standardized policies for member states, such as those against financial crimes so that it becomes easier to prosecute across borders. Another possible reason could be extracting commitment from a country especially in case of financial default, for example. What becomes interesting is when […]
SUPERNATIONAL INSTITUTIONS
