Globalization and Good Global Governance for New Competitive Advantage of the Nation: Perspectives and Practices

Abstract

Part of a special section on the ways in which countries can benefit from globalization. In order to succeed, country's reform programs must be coupled with increased and better-coordinated international technical and financial assistance. As well as strengthening macroeconomic policies, countries need to accelerate structural reforms by investing in people and building capacity, improving infrastructure, cultivating trade liberalization and regional economic integration, promoting a sound banking system and financial development, encouraging private investment, and promoting good governance in all areas. In addition, country's reform programs should be supported decisively by the global community in the context of a new global governance. This research therefore aims to study the importance of the globalization and its influence on the need to have good global governance for national competitive advantage. Finally, The research suggests three dimension of good global governance for global changes.