Question

Discuss the need for regulation at an international level.

Answer 1

Regulation is defined as an abstract concept of management of complex systems according to a set of rules and trends. A system consists of many components which work together for a common objective. As the complexity of the system increases the adequate regulatory measures for achieving the objective should be implemented for the proper functioning of the system.

Need for regulatory measures at international level is complied by the regulatory measures issue by International nongovernmental organizations (INGOs) and Intergovernmental organizations.

These international organizations is helping to set the international agenda, mediating political bargaining, providing a place for political initiatives . Further act as catalysts for coalition- formation. International organizations also help government to prioritize the issues in hand.

It promote harmony between the two or more countries. It promote International peace.

Make the whole world a small global village.

The duties and responsibilities of any individual country are well set.

The violations can be dealt with some common effort in the form of sanctions etc. Sometimes even with military intervention, if adequate.

For effective trading among countries to bolster their economies.

Finally every country has to contribute little or more in money and effort for the existence of that International Organization.