ABSTRACT
This chapter covers what the key issues are in order to sort out the chief promises from the main threats of globalization, as it is impossible to predict whether the advantages of globalization will prevail over its disadvantages. The globalization debate is not merely a wishful future scenario containing the beautiful promises of affluence and human rights, as equally important is the dire message that globalization carries dangers for mankind. The chapter focuses upon the energy-environment problematic as well as the social justice problem in the global market economy. The anti-globalization movement has expressed deep concern with the inequalities in the global market economy. Governments representing countries that participate in the global market economy may engage in the same tactics that give rise to coordination failures in domestic markets. Coordination problems predicted by S. Arrhenius, Danish economist J. Warming and M. King Hubbert can only be accomplished through global coordination among the governments of the world.
