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Critical Response to Runaway Globalization Without Governance

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In his article Runaway Globalization Without Governance, Nayan Chanda(2008) asserts that nowadays, the lack of global governance, especially that from the U. S., has put the world created by globalization on a precarious position. In contemporary society, the emergence of the three global challenges-“the issues of sovereignty and national security”, nuclear crisis, and global climate changes- has made it really imperative for all countries to enhance global governance. In my opinion, it is indeed necessary for all countries to participate in global governance to surmount various global challenges. However, it is idealistic of Chanda to simply hope that super powers like the U. S. will actively push the establishment of global rules when such action actually goes against the their national interest.

Firstly, I agree that global governance is an essential factor in the further development of globalization and the stabilization of the world. From a historical perspective, while governance from a single empire and people’s common fear’s of God were effective in a certain historical period to solve the issues having emerged in the progress of globalization, only global governance provided fundamental solutions to these problems (Chanda, 2008). In contemporary society, global governance does have made great contributions to a more stable and developed world as well. Among many other global institutions, the establishment of World Trade Organization (WTO) and World Health Organization (WHO), are just two typical success examples of global governance. Specifically, WTO plays a key role in supervising the administration of trade agreements and at the same time provides a democratic platform for negotiations and for settling conflicts. In addition, the WHO, as one important branch of the United Nations, has stimulated the generation and dissemination of a multitude of

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