Opinion: (Michael D. Intriligator, Professor Emeritus of economics, political science and public policy, University of California Los Angeles (UCLA)): ”Globalization is a powerful real aspect of the new world system, and it represents one of the most influential forces in determining the future course of the planet. It has manifold dimensions: economic, political, security, environmental, health, social, cultural, and others.” It contains within itself both the force of repulsion (increases competition and leads to international conflicts) and the force of attraction (the potential of global cooperation).
“The challenge is to create a new world system …The key to such a world system will be cooperation among the nations of the world…Overall, the challenge of globalization will require truly cooperative efforts of the great nations.…
It will be necessary to reinvent existing institutions and/or to create new ones so as to deal with economic challenges, such as the problems of distribution and mutual vulnerability stemming from globalization. These institutions must have global perspectives and responses and they will require substantial resources and enforcement mechanisms, including some elements of supranational decision-making and authority, along with appropriate transparency and accountability.”
A Global “World-Country”
Becoming Global On The Inside
Humanity’s Global Problems