On Economic Globalization and the Development of the Basic Principles of International Law

Economic globalization has become the trend of our times. Because of this, intenational law is gradually becoming the law of the "well-organized" international society. But it can not develop into the "world law" in the predictable future. Under such presupposition, the basic principles of international law keep developing. Although the principles of state sovereignty and state equality are still the key ones of international law, they are now of new implication of the times. Meanwhile, it has become a necessity to establish the principle of human beings'common interests as the major principle of the international law.