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Prepared by: Muneeba Khan

MBA 2 TBBA

Runaway Globalization without Governance

The Human beings have been interacting with each other and developing the means andtraditions to formalize and making the interaction seamless from the time they came intoexistence. As the mankind increased in its exposure to others of its kind, but not known to himearlier, he developed the rules of rendezvous, be it war, trade, ruling over others of its kind or

just adventure. The regulations of the rulers have always been there in the kind of secrecy of agriculture, mannerism of engaging an enemy or the trading behavior.

The human activity and interaction with others has increased over the years and new participantssuch as the environmentalist, global soldier, multinational companies, preachers, missionariesand last but the most important Consumer. The increased and varied participants have yieldedinnovation, both good and bad for the society at large with requirement for travel and trade,

bringing with it the nemesis of terrorism and the requirement to contain it.

The set of rules and regulations were required to coordinate the expansionist desire of man.Romans imposed the tariff regime to inhibit the influx of goods into the empire. Similar reformswere promulgated in large scale fashion via the World Trade Organization through the GeneralAgreement on Tariffs and Trade to monitor and deal with the global trading.

The nature of trade, however evolved it has become today, remains plagued with essentially thesame problems as have been brought on them since forever. The possessors of knowledge havealways tried to find ways to secure their knowledge and the pirates always have been working on

their tactics to beat the system. The quandary has been the center stage for centuries and eventoday the organization work with fervor to impose the rights of intellectual property.

The rise of various empires also saw a rise in governance with Romans introducing legal system,road networks and military infrastructure. The Mongols increased the scope of governance withinitiation of guarded trade routes, provision of inns and postal system to establish an unheard of land trade and transportation system. The Mongols ensured an environment of harmoniouscoexistence for people from different religions in their vast dominion. Conversely, theheightened contact of people marked the advent of epidemics that caused widespread havoc anddevastation. The Venetians introduced the system of quarantine to protect the public health. Theepidemics also highlighted the requirement for coordination between regimes on public health

policies and such a potent policy is in currency in the form of World Health Organization.

Marine trade introduced its own share of challenges for the governing bodies with the advent of sea pirates. The regulators cashed in on the situation with establishment of armed vessels to

provide safe passage in exchange of tax.

Conduct of traders was also subservient to their religious beliefs and was dictated by theteachings of their respective religions. Jewish Diaspora provided a level-playing field to traderswith different religious beliefs as brokers. The expansionism of different religious powers also

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made the rivals find newer routes and means to trade by bypassing the hostile regions. European powers developed their navies, but were bound by universally accepted argument that the seaswere not to be owned by one, but to be shared by all.

Transportation and Communication technology provided faster access to far-flung areas via theoceans and postal services were evolved and a common agreement was reached on postalcommunication rules via the Treaty of Bern.

Technology innovated at a faster pace than the regulations devised to make it efficient. Time andspace problems arose with railways and telegraphs usage, and the global community agreed touse a common zero for standard of time and Greenwich Mean Time was accepted as the center of twenty four time zones.

The evolution of governance and adopting new standards has brought about a vital and practicalsolution to difficult problems and has been at the forefront of global cooperation as the differentstakeholders are brought together by the promise of common good. Notwithstanding the above

benefits reaped by all, the issues of sovereignty and national security have become the latest

concerns requiring global attention and a common solution via global regulations. As the abovetwo issues await resolution, the nuclear proliferation and development of deadly weapons is atlarge in the name of protecting the nations.

The third great challenge faced by the world is the climatic change brought about by excessivecommunication, industrialization and growth in trade. The world as it is today is unwilling toaccommodate the imminent danger by forgoing the economic benefit available at the cost of deteriorating environment. United States, the biggest beneficiary of the increased globalizationand the leader for the recent past of the global scenario is shying away from taking responsibilityand difficult decisions, leading to a checkmate situation.

United States has been in a position to impose its global dominance at various junctures of history, but the country has tried to be as conducive to integration as possible while allowingother nations to remain sovereigns. Recently the attitude of US has been to reduce theresponsibility it takes for the matters of global importance, but it is paramount that United Statesretains its role to meet with the growing challenges of the globalized world, which put the basicelement of globalization at risk.

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