Globalization, modernity and law

Marius Văcărelu

Academic Journal of Law and Governance, 2017, vol. 5, issue 1, 58-65

Abstract: Over the last three decades, the rapid pace of technological change, transformations in the composition of markets and the emergence of global production capacities and service providers have created many new opportunities for business, as well as consumers. Globalization is the new and irreversible economic reality of our age. Clearly these changes have contributed to the creation of new pressures on, and expectations of, those fields of law connected to the regulation of business, particularly cross-border business. Lawmakers and regulators have been compelled to respond to the new demands and challenges created by the emergence of a global economy. These changes will affect not only private law, but public law too. It is necessary to think a bit more about the relation between modernity, globalization and law because today and tomorrow's technology will change in a huge proportion our life; if we will not think well, the consequences will be the worst thing for us and the future will be black. Some brief ideas about this complex equation are in this text.

Date: 2017
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