chapter  6
31 Pages

The cultures of globalization: professional restructuring for the international market

Byjohn Flood

According to Immanuel Wallerstein ( 1991) the disintigration of Pax Ameri­ cana has had profound effects throughout the world. America's political and economic institutions are unwinding and Germany and Japan are mobilizing to become the world's hegemons, its 'lenders of last resort'. And according to some economists the world economy is in the depths of a Kondratiev Long Wave which will not reach its next peak until well into the twenty-first century. Similarly, the nation-state is in a state of crisis as countries are torn apart and reformed (Mann 1990). Yet we are supposed to inhabit an economy and society that is increasingly globalized, one in which time zones are now temporary hiccoughs in the quotidian conduct of our affairs. For some, globalization is read to mean Americanization of culture - the 'Coca-Cola world' - but is it so ? Our world then is facing, on the one hand, forces impelling it towards globalization and, on the other, forces of fragmentation. The role, and rule, of law and its providers becomes ever more crucial in adapting societies to these changes (or pre­ venting them). Reflexively, both law and law professionals have themselves to adapt to rapid and extensive change.