The Future of Law in a Multipolar World: Toward a Global New Deal

9 Pages Posted: 20 May 2011

See all articles by Randall Peerenboom

Randall Peerenboom

La Trobe University - Faculty of Law and Management; Oxford University - Centre for Socio-Legal Studies

Date Written: May 19, 2011

Abstract

We are currently undergoing a fundamental shift in the global economic order. These changes in the global economic order will produce a new multi-polar world with more mid-level powers from various regions. One of the dominant features of the new multi-polar world will be a dramatic increase in the diversity of cultures, religions, worldviews, economies, political regimes and legal systems. The new order will require, and be reflected in, a change in existing institutions and how they operate, as well as the creation of new institutions. Although the rise of new powers has often resulted in war in the past, there are some grounds to hope that this time will be different. But even if military conflict between old and new powers is avoided, a New Global Deal – a new vision for a more equitable world, combined with feasible development agendas – is urgently needed to ensure a more just world in which global resources and burdens are more fairly shared by all.

Suggested Citation

Peerenboom, Randall, The Future of Law in a Multipolar World: Toward a Global New Deal (May 19, 2011). Available at SSRN: https://ssrn.com/abstract=1846263 or http://dx.doi.org/10.2139/ssrn.1846263

Randall Peerenboom (Contact Author)

La Trobe University - Faculty of Law and Management ( email )

Department of Economics and Finance
Victoria 3552, 3086
Australia

Oxford University - Centre for Socio-Legal Studies

St. Cross Building
St. Cross Road
Oxford, OX1 3UJ
United Kingdom

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