ABSTRACT
In Chapters 1 and 2 we examined the development of institutions of global governance that deal with international peace and security and global trade. The international community learned from the lessons of history that there was a need for carefully planned and developed institutions in these areas. We have discussed how, in the case of both the United Nations and the World Trade Organization, the original high visions of both institutions were superseded by the pursuit of economic, political, or military power and territorial and national self-interests that created a tragic flaw within both regimes. As we begin the third millennium, there is emerging another area of vital concern to the global community. That area involves the role played by potentially one of the most powerful players in the global arena, the global private sector.
