Basic concepts in Contemporary World, Global Economy, Rerum Novarum, Market Integration and Global Interstate/Global Governance, Provide a comprehensive analysis based on the following framework. That the concept of Globalization/Global Economy should be re-invented and re-designed. That the benefits Market Integration rarely cascade to the lowest stratum of a society. That Collective Institutions go against the principle of subsidiarity. That strategic directions of Global Governance should be directed and limited only to Geographical Regionalism.