Appropriate Governance: An Overview
Ihave concluded that economic globalization, which offers economic prosperity to those who embrace it for the opportunity it presents instead of renouncing it due to the peril they fear it poses, is also generally speaking a force for advancing several social agendas. In short, in the popular phrasing of the politicians who join the anti-globalizers in the refrain that globalization needs a human face, globalization has a human face. Or, if I may borrow from the Aspen Institute's initiative for “ethical globalization,” led by Mary Robinson, a former UN commissioner for human rights, globalization already has profound ethical dimensions. The alarm to the contrary is therefore false at worst, exaggerated to excess and hence error at best.
Yet this does not mean that globalization, left to itself, will produce the best, as distinct from generally good, results. If what I have written so far has been read with care, it should be clear that, in many ways, globalization will yield better results if it is managed. How and by whom it must be managed is the important question that I must now address.
It is worth repeating that the most critical aspect of appropriate governance depends on the view that is taken as to whether economic globalization needs, or has, a human face. 1 If we opt for the former view, then it is evident that we will want to limit and offset the effects of globalization. But if we embrace the latter view, as argued in Part II, then we will want to enhance its effects instead. Chapter 17 will address the question as to precisely how such benefits-enhancing policies might be devised,