Economic Sovereignty

Extracted Attributes

• Definition

  The full legal, moral, and political authority to determine economic destiny and resist international impositions.

• Key Drivers

  De-dollarization, energy security, and resistance to financial sanctions.

• Core Components

  Control of natural resources, essential supplies, technology, and trade/industrial decisions.

• Measurement Index

  Economic Sovereignty Composite Index (ECO-SOV).

• Strategic Energy Focus

  Nuclear power scaling and solar energy integration.

Timeline

• The seizure of Russian foreign reserves and exclusion from SWIFT accelerates the global pursuit of economic sovereignty. (Source: a340c684-d9d0-4749-ab94-6eb4e3f75a90)

  2022-02-24

• BRICS announces expansion to include Saudi Arabia, UAE, Argentina, Egypt, Ethiopia, and Iran to challenge G7 economic dominance. (Source: a340c684-d9d0-4749-ab94-6eb4e3f75a90)

  2023-08-24

• Release of the 2024 Economic Sovereignty Composite Index (ECO-SOV), highlighting governance and innovation as key metrics. (Source: https://hal.science/hal-04906682v1/file/Economic%20Sovereignty%20Composite%20Index%20%28ECO-SOV%29%202024%20Final%20Version.pdf)

  2024-01-01

Harka Sampang

Harka Raj Rai (born 27 February 1983); also known as Harka Sampang is a Nepalese politician who served as the 6th mayor of Dharan from 2022 to 2026. He was first ever independent candidate elected as mayor of Dharan. Sampang is the founder and chairman of the Shram Sanskriti Party since 2025. Born into a traditional Rai family, Sampang has been active in the Nepalese political scene since 2017. He graduated from Tribhuvan University with a bachelor’s and master's in degree political science. After winning the 2022 Nepalese local elections, he served as the mayor of Dharan until his resignation in January 2026. He has served as the chairman of the Shram Sanskriti Party since its founding in November 2025. He established the party in the aftermath of the 2025 Nepalese Gen Z protests, during which he emerged as a prominent national figure and a symbol of political reform for the youth-led movement.

Web Search Results

• [PDF] Global Economic Sovereignty Composite Index (ECO-SOV ... - HAL

  to enhance economic sover-eignty. In comparison to other regions such as Eu-rope and Central Asia, which scored an average of 68.9, Arab countries generally perform lower, particu-larly in innovation and governance metrics. Overall, the findings from both regions highlight the necessity for strategic investments in infrastructure, innovation, and human capital to enhance economic sovereignty. Improving governance and reducing corruption are critical for increasing scores and achieving greater economic stability. Significant dis-parities exist within and between regions, with some countries achieving high scores while others continue to face persistent challenges. The multifaceted na-ture of economic sovereignty illustrates the intercon-nectedness of governance, human capital, and [...] resilience of a country. The degree of auton-omy, or sovereignty in economic decision-making that a country enjoys, is known as economic sovereignty. In this respect, it could be interpreted as a tool to protect economic policies against international pressures and to foster the growth of the economy. If a country is strong enough in economic sovereignty, it could resist economic impositions from other countries. A high de-gree of economic freedom could help a country resist financial sanctions and obtain foreign judgments “Economic sovereignty is the full legal, moral, and political authority of individuals, institutions, and governments to de-termine their own eco-nomic destiny.” Edition 2024 dictating unfavorable economic policies. The existence of sanctions is a key characteristic of [...] is to gain a greater understanding of the specific policies that are supportive of a partic-ular nation fulfilling its economic goals.” Economic Sovereignty Composite Index ECO-SOV Economic Sovereignty and Industri-al Resilience: Navigating Tunisia’s Development Challenges This report adopts a broad definition of economic sov-ereignty, encompassing a country’s ability to inde-pendently control its natural resources, essential sup-plies, technologies, economic policies, and trade and industrial decisions. This capacity reflects the nation’s economic strength and its ability to advance its national interests. Economic sovereignty is pivotal in ensuring economic stability, fostering sustainable growth, and improving integration within global value chains. At its core, it is rooted in a

• [PDF] ECONOMIC SOVEREIGNTY IN INTERNATIONAL LAW: THE STATE ...

  the possibilities and prospects of economic sovereignty in a new world order. [...] CONCLUDING NOTE The concept of economic sovereignty in an interdependent and inequitable world has been continuously re-examined in the light of creatively pursuing an international law of co-operation. A conceived or conceivable legal order based on the tenets of a NIEO has become a powerful driving force in the inexhorable movement towards a regime of international law based on co-operation. But the magnitude of the work that lies ahead in the way of forging international legal relations based on the NIEO are quite considerable. The unresolved status of the principle of permanent sovereignty, a principle of paramount significance to the NIEO, exhibits the formidable difficulties in the 'legal engineering' of a more promising international economic law. Considering the tasks which lie [...] consultation. In the legitimate exercise of their economic sovereignty, they should seek to 1990] PHILIPPINE LAW JOURNAL categorical confines of a NIEO. Whether or not this restatement makes its specific content expressive of international law on the matter is subject to discussion.19 However, it cannot be denied that the extent of clarification of rights and duties achieved in this formulation has gone very far. Indeed, economic sovereignty and its more detailed principles have increasingly been refined and systematized as a fundamental principle in international law. What is evident is that the thrust of the modification or refinement of the principle leans towards the direction of an international law of cooperation. Economic sovereignty, while presupposing the classical rule of

• [PDF] Redefining Europe's economic sovereignty

  15 An effective machinery European governance was not built to implement an encompassing economic sovereignty strategy, but rather to manage separately sectoral policies. Reforms are thus needed, as follows: A European Commission Economic Sovereignty Committee: the European Commission has already prioritised making the EU a stronger global player. The priority area brings together several relevant European commissioners (foreign and security policy, neighbourhood and enlargement, trade, international cooperation and development, civil protection and humanitarian aid under the chairmanship of the High Representative). Our proposal would reform this in several ways. • First, it would introduce an economic security element by including key commissioners whose portfolios are not generally [...] Sovereignty, for the EU as a whole, is first and foremost economic sovereignty. The collective capacity of EU countries working together to preserve their economic independence underpins the argument that the European integration process provides value to Europe’s citizens. That argument is bolstered by the EU’s ability to participate in defining the rules of the game for the global economy – what Chancellor Merkel calls Handlungsfähigkeit and the French call Europe puissance. But perhaps the EU has been lucky so far. Perhaps the EU’s apparent economic independence in the global context was always the result of a lack of geopolitical interference. Perhaps it could only flourish under the benevolent aegis of a real superpower. Perhaps, in other words, it only existed because no serious [...] strategy for the EU: 1. An economic sovereignty agenda 2. A reformed policy toolkit 3. An effective machinery 4. A flexible implementation strategy An economic sovereignty agenda We propose an economic sovereignty agenda focused on European and national measures that will create opportunities and incentives to integrate economic and geopolitical considerations at the appropriate levels of governance. The agenda should have four key goals: • Boost Europe’s research, scientific, technology and innovation base; 33 Andre Sapir (ed), Fragmented Power: Europe and the global economy, Bruegel, 2007.

• [PDF] The Trade-off Between Income and Sovereignty

  and costs due to loss of free trade. 3In the rest of the analysis, the term income, unless otherwise specified, will always mean "income per capita." methodological device. Normally, however, country’ s sovereignty in economic decision-making is limited. This is the case for almost all countries in the world. These constraints may take many forms. Most common constraints are international agreements through memberships in various organizations. Others are bilateral arrangements, like voluntary export restraints. But the important point is that economic sovereignty is normally limited in a number of key areas: exchange rate policy, trade policy, labor and banking regulations, accounting practices etc. To give a few examples. Country’ s exchange rate policy will follow the rules stemming [...] 15 Increased GDP per capita is an objective for policy-makers only in so far as it enhances their chances to remain in power. This is true for both democratic or non-democratic regimes. Now, from an ordinary individual’ s point of view, the justification is different. That his welfare would be greater if average income per capita is higher, is plausible. But the question can be asked: Why would an individual’ s utility depend on his/her country’ s economic sovereignty? Sovereignty may be regarded as a "good" by the population because of the value attached to national pride. [...] ABSTRACT NATIONS, CONGLOMERATES AND EMPIRES: TRADE-OFF BETWEEN INCOME AND SOVEREIGNTY The paper proposes a framework within which to study countries’ decision to enter into international binding agreements that limit their economic decision-making power. Increased income, achievable through greater international integration, comes at the cost of reduced national policy-makers’ sovereignty. The policy makers have fewer economic variables they control as many of them are determined globally. Each country chooses an equilibrium sovereignty-income ratio. More democratic countries and those with larger endowments (human and physical capital and natural resources) will choose less sovereignty per unit of income: the first because population tends to value income relative to sovereignty more than

• [PDF] STATE ECONOMIC SOVEREIGNTY AS A KEY FACTOR ...

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