ABSTRACT
This chapter builds on the arguments presented in Chapters 2 and 4 for both the international community and institutions of global governance to develop a global equivalent of the Marshall Plan. The realization and implementation of such a plan is necessary if the benefits of globalization are to be sustainable. For many, globalization creates an insecure world due to a variety of risks. These risks are embedded in the global public bads (such as international terrorism, poverty, injustice, and exploitation), as well as global public goods (such as international development, global justice, and human rights), all of which require global governance.1 We have argued in Chapter 1 that the global good of human rights comes with a preventative cost for the institutions of global governance that is immensely less than the reactive costs involved in dealing with humanitarian disasters once they materialize. We have also argued in Chapter 1 that the development of a Global Security Fund by the international community would lessen reactive costs and, moreover, is sound global risk management. Risks in the globalized world can be classified to include such things as natural disasters, disease pandemics, humanitarian catastrophes, economic and financial crises, terrorism, and environmental disasters.2
