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Towards Global Governance
The end of World War II also signified the end of national isolationism. Global economic integration, stemmed by technological advancements in information, communications, and transportation flourished under U.S. corporate expansionism. Government deregulations, the growth of Asian economies, as well as the disintegration of the Berlin Wall and the Red Curtain have helped integrate formerly inaccessible financial markets. In addition, the corporate race to outsource production and support functions have decreased costs and expanded international subsidiaries. Globalization is experiencing a dramatic growth; some term it a feeding frenzy. However, is todays globalization governed fairly, or is a new form of governance required?
