Definition and Relation to Globalization
Global governance is the view that certain problems facing humanity require regulation through institutional structures of global scope. The contemporary concern with the issue of global governance has arisen in the context of economic and cultural globalization. Globalization is the process where interactions between human societies and between human societies and the biosphere have resulted in increased interdependence. Human societies have of course always interacted in limited ways through trade and cultural exchanges. Globalization is the term used to describe a process of interaction that is increasing in depth and intensity such that actions originating in one society have almost immediate effects on other societies. This interdependence can be seen in the development of global markets and in the environmental impacts of energy production and consumption that are creating worldwide climate change.
Impact on Sovereignty
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