The currententhusiasmfortheruleoflawmustbeunderstoodinthecontextof
the globalizationofthemarketeconomy.Onereasonforthegreatinterestin
exportingandimportingtheruleoflawisabeliefthatglobalcapitalismcan
be facilitatedbytheadoptionofagloballanguage.Ononeside,thosewhoare
already fluentinthelegallanguageofglobalization—forexample,largecorporate
law firms, investmentbanks,andbusinessconsultants—are anxioustoexpand
the domaininwhichtheycanoperatewiththeirowntoolsandapproaches—in
other words,toextendtheirhegemony.Ontheotherside,thosewholong
operatedoutsidethatlanguageandtherulesofthegamethatitcontemplates,
for exampleSouthKoreanandJapaneseconglomerates—the chaebolsandthe
keiretsu—may seekaccesstothesamelanguageandtoolsinordertocompete
effectivelyintheterrainofglobalcapitalism.Theprocessoflegalizingbusiness
competitioninthismannertendstofocusonthedevelopmentofcorporateand
commerciallaw,butthereisalsoawidespreadbeliefamongrule-of-lawpropo-
nents thatreforminonearena—in particular,corporatelaw—will spilloverinto
others—in particular,stategovernance.Evenifpushedtoagreatextentbythe
transnationalcommercialside,theruleoflawwillcometothestateandthe
domestic economy.