The world today is diversified and complex and a number of small nations find it hard to deal with major issues. On the other hand, some countries are too big to tackle minor matters. To adapt to globalization, an objective requirement is to diversify the forms of social management in the global scope while continuing to heighten the role of national governments and international institutions, non-governmental organizations, social movements and transnational forces on the basis of bilateral and mutually beneficial cooperation. There are two sides of globalization a Subjective and Objective. Subjective looks at globalization from an individual's perspective (what can be called the worm's eye) while objective looks at the global perspective. (bird's eye view). Global governance is the part of this objectivity. There is no universally accepted definition of governance, but this term is often used to refer to interpretations of order, stability and politico-economic management.
Globalization, Governance, Politico-economic Management
