Globalization - General Overview As Seen From Developed Countries - Part 1

Delivered to the Third East African Magistrates and Judges Association Judicial Conference, Dar es Salaam, Tanzania on January 21, 2004.

Globalization is a tool. It can be well used and therefore be to the advantage of those affected – i.e. affected in a very positive way. It may also be ill used and therefore be to the disadvantage of those affected – initially this will have the negative effect upon the weaker countries or regions of the world but eventually all will have the problem of letting an opportunity slip through their collective fingers of sharing a maximized wealth. That is, both the stronger and the weaker will be poorer than they otherwise could be. I will deal with this topic through the eyes of a judge working in a Commercial Court which deals with many cross-border cases, both insolvency and non-insolvency related. Please refer to www.ontariocourts.on.ca/superior_court_justice/notices/toronto_region/commercial.htm to access our Commercial List Practice Direction.