COUNTRIES VERSUS CORPORATIONS AND ECONOMIES VERSUS BUSINESSES...WHAT MAKES THE GLOBAL MECHANSIM WORK BETTER?

This research paper is a nexus of solutions brought in theory and real life situations in the frameworks of corporate governance, state governance and public administration. The approach on this paper was done by putting together a 360 degree focus on real life situations that create the formal and informal mechanism that make the world go round and round, be it the through the rigorous eye of the private sector or the public sector. The first part of the paper slices the economic decision making pie in two halves, the global mechanism through the business’s vantage point and the global mechanism through the economy’s vantage point.