Phase IFoundation
Background
Overview
This concept is vital for understanding the intersection of international relations, trade policy, and domestic economic strategy, particularly in the rapidly evolving digital sector. It highlights challenges to national sovereignty and the influence of global economic powers.
International trade negotiations often extend beyond traditional goods and services to include digital economy policies, intellectual property, and financial services. Pressure from major trading partners can influence domestic regulatory frameworks, raising questions about national sovereignty and the balance between global trade interests and domestic development goals.