Is state sovereignty now an outdated concept?

Is state sovereignty now an outdated concept?

Yes:

• State boarders aren't as strict/solid (tourism, the movement of knowlege, Time/Space Theory, Economic globalisation) 
• Rise of Non-State actors like Transnational Corporations (greater finacial power than many sates, ease of movement in globalised economy, McDonalds) and Non-Governmental Organisations…