Runaway Globalization Without Governance - summary

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. This is causing an array of problems such as risk of nuclear proliferation, theft of intellectual property, threats to sovereignty and national security, and environmental problems. Furthermore, the important player, United States, is drawing itself away from international involvement and agreements in fear of losing its power and getting exposed to more threats from terrorists. This hampers the development of governance of globalisation and will eventually threaten the international community to a critical level.