The question was asked whether those countries would be ready to enter into new integration networks. While they refused to re-establish any regional integration that would resemble the old one, they desperately wanted to belong somewhere. The need of belonging was reflected in mushrooming subregional intergovernmental organizations. The very process of transition also has generated national sovereignty concerns, in particular with regards to the role of fdi in countries with economies in transition, and to the process of privatization. The most debated issue has been the one of the role of foreign capital in the banking sector.
National sovereignty is seen as being threatened by increasing foreign ownership.
It is also extremely interesting to watch the evolution of reactions of countries with economies in transition to European integration. On the one hand they want to be in, on the other they continue to defend their own national particularisms against Europe, seeing EU demands as attacks on national sovereignty, tradition. These attitudes exist as marginal but cannot be ignored. Globalization and national sovereignty 12. There is also a link between national sovereignty and globalization which is a reality of the time.