American Corporate Governance and Globalization

Abstract

Recently, major flaws in the legal framework governing globalization have become apparent.' Indeed, it is fair to say that the market fundamentalism approach to globalization is under siege.2 The whirlwind of criticisms launched against the neo-liberal model 3 of freer trade has recently boiled over from academic circles into trade negotiations, which have fueled globalization since World War 1I. 4 The very process of further globalization now seems in doubt.5 This article will demonstrate that the flawed market fundamentalism model of globalization has its roots in the