International Studies Group 4

Last class we got into more specifics about international economy.  Suffice it to say that I am now quaking in fear of taking ECON this summer.  On that note, there was this interesting idea that came to my attention.  Has globalization turned international business into its own global government or could it lead to its own global government?

From my perspective, this could be its own form of global governance, but there is still that case of sovereignty.  I can definitely see China as a possible opposing side to that question because maintaining sovereignty has always been a top priority for that region.  This really goes back to the question of the “Leviathan” and how power can stay maintained.  However, with international businesses the way they are, maybe, just maybe, even nations with a more protectionist stance would see a use for some form of overarching global market, because, whether they like it or not, capacity seems to outweigh authority.  They may have the right, but they are losing their ability to oversee and regulate the complex web like systems that international business has become.

Governance, on a global scale, has become almost organic in that new organizations have grown out of a need for more governance in different forms.  For example, G20, in fact all the g-series, were made for the purpose of expressing ideas between heads of state in a more informal setting and that may be where we find ourselves heading more toward the attunement portion of the quadrant.