For 350 years, sovereignty – the notion that states are the central actors on the world stage and that governments are essentially free to do what they want within their own territory but not within the territory of other states – has provided the organizing principle of international relations. The time has come to rethink this notion.
The world’s 190-plus states now co-exist with a larger number of powerful non-sovereign and at least partly (and often largely) independent actors, ranging from corporations to non-government organizations (NGO’s), from terrorist groups to drug cartels, from regional and global institutions to banks and private equity funds. The sovereign state is influenced by them (for better and for worse) as much as it is able to influence them. The near monopoly of power once enjoyed by sovereign entities is being eroded.