Economic Globalization and Institutions of Global Governance

Globalization of the economy has reduced the importance of the border. We have a world economy, but we lack the necessary system for the world government. In the long run, we can not support unilateral behavior of potential hegemon countries, so we need to discuss our global governance body. The asymmetric distribution of the benefits and costs of globalization is disadvantageous to the poor in poor countries, especially in the free movement of low skill workers and the creation of intellectual property. As a target of globalization critics, the World Trade Organization should be seen as a balance of rule of law and checking and balancing of unilateralism in international fields. More generally, global economic liberalism should be balanced by institutions that provide global public goods and international mechanisms to raise them. All these things mean that the state sovereignty is further weakened, it is necessary for the global institutions to be democratic and to be able to take responsibility for the actions of people around the world .

In this volume we are examining the relationship between economic globalization and institution or global governance while challenging the common premise that globalization and institution are inherently mutually exclusive processes. Instead, the contributors of this book show that globalization is better seen as a dual process of institutional development at national level and institutional development at cross-border level. Provide rich and supportive empirical evidence, as well as the theoretical concepts of key actors, the mechanisms and conditions contained in the trickle and trickle trajectories, through which the national system transforms and cross-border rules emerge.

Globalization includes global financial markets and multinational corporations, governments with interrelated economic and military alliance led by the United States, the World Trade Organization (WTO), the International Monetary Fund and the World Bank's "global government" There are three agencies. In his book "Pre-profit people" Charles Debord says, "These interacting institutions have created a new global power system where sovereignty is globalized and power and constitutional authority are transferred from the state "Pointed out. To the world market and international organizations "Tates Alexander said that this system institutionalized the global inequality between Western countries and the majority of the world into a global apartheid where the International Monetary Fund is an important pillar I believe there is.

Global economic integration ("economic globalization") transcended the establishment of appropriate political institutions and governance arrangements for the global economic system. Economic globalization means that actions taken in one country may affect other countries. Global collective actions need to address not only these global "externalities" but also global public goods. Global public goods including the stability of the world economic system and the rules of fair trade