Global Governance vs. Jurisdictional Competition

Beginning in the early 20^th century, the idea of global governance began to take hold, with the goal that eventually one set of laws, regulations, and standards would prevail worldwide.  But like so many ideals resting on the foundation of “centralized planning,” its results can’t compete with market-driven alternatives.  The failures of global governance have encouraged a dramatic new trend toward increased jurisdictional competition.  What is jurisdictional competition?  Why is it so important?  What are the impli.....