Week 10: Class Pre-Blog "Economic and Non State Actors".

I understand that globalization has placed new challenges to the economic world particularly as it relates to Private Authority and Governance.  By and large, many of the hurdles to deal with on a constant basis would be contextual ambiguity. In essence what are the driving factors that enable the international collective body to properly ascertain what is required from the economic enterprise as a whole?  It begs the question: who regulates what and for that matter are the frameworks in place to scope rules, regulations, laws? In our reading it became evident that physical cross-national borders do not properly fit within the construct of globalization let alone enables for business practices to leverage technology advancements. As a result, there leaves room for a shift in business mindset is imperative to facilitate governance and authority…meaning “gentlemen rules” must apply whereby private sectors can work in direct collaboration with not only its national infrastructure but also with international partners for the better good.  However, this collaboration has to transcend and more so be “managed with discrete oversight” by a third party entity such as WTO; otherwise accountability will deteriorate.

It seems at though a private authority figures are cemented in internal relationships collaboration (See. Inayatullah 62.), on the contrary it should reinforce jurisdiction since collectively those processes benefits information exchange. In making this distinction, authors have suggested that economic capacity and capability could be enhanced thus reducing conflict.  More importantly authority should be underpinned by strategic alliances.  Alliance should lead to agreements with oversights by nation states with common interest.  For instance the US over the years has had political friction with many States but ultimately and in recent year’s collective agreements with Russia has surfaced to leverage space technology since the larger scope has become too expensive to handle individually.  Likewise, with China’s economic growth synergy between nations must occur as long as intellectual/corporate property is honored and followed. Bottom line, Private and Public actors cannot and should not be segregated in our global and interconnected world, but rather they should be holistic in nature with oversight (governance) all leading to economic synergy.   

From this reading, I would like to continue making the distinction between the dynamics between legal barriers and economic mechanisms that allow Non-State Actors to behave the way that do.