ABSTRACT
The commons dilemma of commonly sharing centres on the universal difficulty of achieving cooperation and governance in human affairs. Eurocentric theories convinced people that only Western institutions are able to achieve good governance of the commons. Achieving a balance between state, society and market in the governance of the commons is vital. Good governance is judged by serving the common interest well, by means of the state, society and the market. Institutions are bodies that set rules that are binding on and accepted by all stakeholders, thus, in theory, achieving the Nash equilibrium of coordination. Identifying efficiency as the sole objective of governance comes at the expense of seeking equity among intragenerational and intergenerational groups. Under globalization there are at least three dimensions: global, national and local governance, corresponding to the global populace, the nation-state and the local community.
