economic sovereignty

This is an economic backlash to globalisation.  We have been splitting hairs over sovereignty for some time, dividing it into political sovereignty, legal sovereignty, and popular sovereignty to name a few. The opening up of markets to a free flow of goods and money around the world sounded invigorating and constructive. But in the course of doing this some countries have found that they have less power than others on the world stage and that some of their traditional economic and trade decisions made within their country are being eroded by international pressure from more powerful countries.  Even their national banks are being overwhelmed by the big international banks. It could reach the stage where their local laws and regulations governing the marketplace will disappear and control will be given to the international bodies. Hence the heightened awareness of the need for economic sovereignty.