First Pillar of Globalization: The Institutional, Legal, and Political Reforms
The first
pillar of Globalization is the institutional, legal, and political reforms
based on less public sector participation into the market. The institutional
focus is supported by the idea to reduce the government participation into the
market under the argument of unnecessary bureaucracy barriers. The elimination
of unnecessary bureaucracy barriers uses the mechanism of privatization (free
market) based on the sale of assets from the government (production plants and
public services) to the private sector. The sale of government assets to the
private sector assumes a better performance of public goods and services under
the statement of high productivity and better public services and products. The
mission of privatization is to look for an efficient allocation of resources
into the market of any country under the private sector full control.
The new
institutional approach and deep legal framework and political reforms that
constitute the first pillar of Globalization is based on less government
participation in the market. The idea behind the reduced the government size is
that exists an unnecessary bureaucracy can create the non-efficient allocation
of the production factors. The elimination of the unnecessary bureaucracy is
implemented through the mechanism of privatization, where public goods and
services are sold to the private sector. The sale of government assets to the
private sector is assumed to give rise to higher productivity and better
products to the consumers. This is in line with the mission of privatization,
that is, to achieve efficient allocation of resources in any economy. However,
this new political and institutional framework is supported by the strong
promotion of democracy (more participation of the civil society to selects its
leaders and authorities in a fixed period of time) and human rights
respectively.
In
counterpart, we can see that the intervention of government plays a crucial
role in any massive contagious epidemic diseases crisis such as Wuhan-COVID-19.
The private sector cannot handle so heavy social resposability and allocation
of human and material resources to implement a large quarantine under strong sanitary
measures, public hospitals, medical and nursing staff, medical equipment,
rescue groups, and security in case of a massive contagious epidemic diseases
such as Wuhan-COVID-19 according to recently events. In fact, Globalization
needs to integrate a new politica, legal, and institutional framework reform
that can help to find new mechanisms and schemes in integrating the public
sector and private sector together in cases of any massive contagious epidemic
diseases. This new scheme can be called “Post-Integral-Globalization”. This new
scheme permit the fast implementation of mechanism and policies (Ruiz Estrada,
2011 and Ruiz Estrada & Park, 2018) to prevent and control possible
eventual massive contagious epidemic diseases anywhere and anytime. The Post-Integral-Globalization
includes the possible joint of research and development for medications and
medical treatments, controls and monitoring systems of epidemics,
private-public parthnerships scheme, and different mechanisms of cooperation
domestically and institutionally.