Runaway Globalization Without Governance by Mr. Nayan Chandra

Task 1: Summary (5%)

First draft of the article named "Runaway Globalization Without Governance" by Mr. Nayan Chandra

Summary of the article:

"Globalization may bring adverse impacts on in the world as governance fails to catch up with the pace of globalization. Globalization is the process where communities become inter-connected with one another. As various states establish their own set of governing rules to rule over its their people and utilize scarce resources, it is difficult to come to a consensus on an internationally recognized set of laws which will not affect their interests. An example will be would be the need to govern over intellectual property rights.

Furthermore, the existence of expanding empires is helpful to regulation but resulted result in other problems which required requires more rules to be enforced. International coordination is needed to address the issues that arise from the growth in the communications and transportation sectors as regulation lags far behind. International regulation will only work if there are no conflicts of interests do not exist. When sovereignty and national security are at stake, negotiations for global governance become difficult and this is the challenge at hand. However, the United States, a key player in international governance, is not taking up an active role to promote global governance and this may in turn put the world at greater risk."

Check out this link for the article http://www.fairplanet.ca/media/globalization.pdf.

Cheers,

Joan (:

Nayan Chanda is director of publications at the Yale Center for the Study of Globalization and editor of YaleGlobal Online. His most recent book is Bound Together: How Traders, Preachers, Adventurers and Warriors Shaped Globalization (2007). 1. Quoted in G. J. Resink, Indonesia’s History Between the Myths: Essays in Legal History and Historical Theory (The Hague: W. van Hoeve Publishers Ltd.,

1968), p. 45; from F. W. Stapel, Het Bongaais verdrag: De vestiging der Nederlanders op Makassar(The Bonggaya Treaty: The Establishment of the Dutch in Makassar), PhD diss., University of Leiden, 1922, p. 14 and note 2.