In 'Runaway Globalisation
Without Governance', Chanda(2008) claims that governance is always falling
short of the speed of globalisation. Even in the past, rules and regulation
were established much later in the fast globalising society. Currently, this is
causing an array of problems such as the risk of nuclear proliferation, theft
of intellectual property, threats to sovereignty and national security, and serious
environmental problems.
Furthermore, the
important player, the United States, is withdrawing itself from international
involvement and agreements in fear of losing its power in global economy and
getting exposed to more threats from terrorists. This would hamper the
development of the governance of globalisation without the leadership of the
key player in the collaboration of multilateral movements.
In other words, the
writer is suggesting that the legislative work would always lag behind the
rapid globalisation unless the United States becomes more participative and
lead the world in the international governance.
(151 words)
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