Economic independence Challenge and Governments’ Sovereignty: Revisiting the Legitimacy of Economical Sanctions in the Reality of International Legal Order

While developing states still insist on the issue of economic governance to confront the developed countries positions or to maintain their own positions, the international legal realities indicate that mere reliance on the concept of “economic independence” and “permanent sovereignty over natural resources” cannot be a practical way to achieve the ideals of the so called developing countries. Sovereignty like Damocles sword can pave the way for maintaining the “status quo” or domination of premier economical powers in the international equations. While examnng the not-so-positive role of sovereignty on the procedure of setting relations between developing and developed states, this artciel attempts to emphasize the fact that balancing of existing economical unfair relations between north and south will not be possible, save by making inroads into the traditional concept of economical governance, the concept formed by developing states in 1960s and 1970s. Based on this, the present research  tackles the question of what is position of the economic sanctions in opposition the traditional concepts of sovereignty and independence of states with the concepts and facts of the current international legal order?