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1 - Introduction: international law and international economic law in the interdependent world of the twenty-first century

Published online by Cambridge University Press:  29 March 2011

John H. Jackson
Affiliation:
Georgetown University, Washington DC
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Summary

I feel about globalization a lot like I feel about the dawn. Generally speaking, I think it is a good thing that the sun comes up every morning. It does more good than harm. But even if I didn't much care for the dawn, there isn't much I could do about it. I didn't start globalization, I can't stop it – except at a huge cost to human development – and I'm not going to waste time trying. All I want to think about is how I can get the best out of this new system, and cushion the worst, for the most people.

Thomas L. Friedman, The Lexus and the Olive Tree

A time of challenge and changing assumptions

The last decade of the twentieth century and the first of the twenty-first century may not be the most challenging period for the generally accepted assumptions of international law, but this period will certainly rank high on any such list. The growing depth, speed of change, and adjustment required by “globalization,” accompanied by striking changes in government institutions, a remarkable increase in nongovernment activity and advocacy, an intense emphasis on market economic ideas, and a backlash against them, have all chipped away at the relatively fragile (perhaps already crumbing) theoretical foundations of the international legal system as it has been generally accepted for centuries.

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Publisher: Cambridge University Press
Print publication year: 2006

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