Abstract

The objective of this research paper is to understand how the concept of State Sovereignty has emerged in International Economic law with a primary focus on the role played by major International Economic Institutions in shaping the dimensions of State Sovereignty to how it has evolved in the present day. This paper focuses on an elaborative approach on mainly the role played by the Bretton Woods Institutions and the World Trade Organization in evolving the Sovereignty of states consecutively with their complex interdependence. This paper attempts to explore two research questions, firstly, how the IMF, the World Bank, and the WTO have limited the Sovereign powers of a state in exchange for benefits that it provides to them, and secondly, how Sovereignty has been impacted in times of COVID and what the future might hold for the international community in terms of Sovereignty of States.

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