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Moreover, states must be prepared to cede some sovereignty to world bodies if the international system is to function. This is already taking place in the trade realm. Governments agree to accept the rulings of the WTO because on balance they benefit from an international trading order even if a particular decision requires that they alter a practice that is their sovereign right to carry out.
Some governments are prepared to give up elements of sovereignty to address the threat of global climate change. Under one such arrangement, the Kyoto Protocol, which runs through 2012, signatories agree to cap specific emissions. What is needed now is a successor arrangement in which a larger number of governments, including the US, China, and India, accept emissions limits or adopt common standards because they recognize that they would be worse off if no country did.
All of this suggests that sovereignty must be redefined if states are to cope with globalization. At its core, globalization entails the increasing volume, velocity, and importance of flows -- within and across borders -- of people, ideas, greenhouse gases, goods, dollars, drugs, viruses, e-mails, weapons and a good deal else, challenging one of sovereignty's fundamental principles: the ability to control what crosses borders in either direction. Sovereign states increasingly measure their vulnerability not to one another, but to forces beyond their control.
Globalization thus implies that sovereignty is not only becoming weaker in reality, but that it needs to become weaker. States would be wise to weaken sovereignty in order to protect themselves, because they cannot insulate themselves from what goes on elsewhere. Sovereignty is no longer a sanctuary.