Tuesday, March 31, 2009

The Global Powers as the New Global S...

The Global Powers as the New Global Super Power

I'm getting a sense from articles that I've been reading on the G-20 summit that there is a potential set of changes that may be gaining momentum.  Both Gordon Brown from Great Britain and Sarkozy from France are looking for major changes to take place at the G-20 summit.  Brown wants more internationally held values to be at play in the international market and Sarkozy wants vast changes of regulations.

Sarkozy wants more oversight of accounting for global firms, a way to change tax laws that allow corporations to skip on taxes by forming the "home base" of their companies on secluded tax free islands, and a host of other things.

It is not clear that the G-20 summit will make a lot of changes, but there is one pattern I see gaining momentum.

We make decisions based on our values.  Regulating international companies would mean foreign involvement in regulation of some companies in the United States.  These actions tie the international community together in a few new ways.

When the United States formed, it basically formed as an effort at a bunch of trade agreements.  George Washington was making a canal system through the Potomac river - part of it at Great Falls still exists.  He was making a trade route from up North to go through the DC area and beyond.  Many of the players at the constitutional convention were involved in trade deals along this project.

The United States was formed to allow states to work better on trade and it seems there is more work going on now to make international trade policy.  

The US would have to agree to anything that they participate in.  But, the world has learned that in the new global economy, we rise and fall together.

I wouldn't be surprised if we saw a little bit more governance together. 

What Sarkozy is calling for and Brown is looking for are the actual roots of this.  And the US is asking every country to give a bit more money to the International Monetary Fund to prop up developing countries that have crashed.  So, this is sort of a treasury/safety net that is gaining strength and funded by each country.  Our government does contain a lot of safety nets.    

We are seeing the roots of what could form into the new layers of a more international sort of governance. 

If history is an example of how things like this form, we may be seeing something take root.  The countries of the world may be at the start of Uniting just a bit further.  

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