To achieve this, governments and corporations must live by a system of shared norms.

CNN: Great and good to gather at Davos to tackle new reality

The supervision of the financial system has been overhauled to meet international norms.

ECONOMIST: THE KOREAS

In her statement, Ms Pillay said at least 200, 000 people were believed to be interned in North Korea's "elaborate network" of political prison camps, and that survivors of the camps whom she had spoken to "described a system that represents the very antithesis of international human rights norms".

BBC: UN rights chief urges probe into 'deplorable' N Korea

The situation in Korea right now resembles what happened when its highway system was first built and traffic fatalities soared in the absence of clear rules and norms.

FORBES: Technology

As emerging economies increasingly integrate with the western world and open up their economies, these countries will need to restructure their financial institutions and institute regulatory norms in line with global guidelines, for instance by adopting Basel Guidelines for their banking system.

FORBES: BNY Mellon's Coffers Swell With Market Recovery

This is obviously part of a broader effort that started this morning with TPP, where the President talked about establishing international norms that would be good for the United States, good for Asia, good for the international trading system -- good for any country in dealing with issues like innovation and the discipline of state-owned enterprises, creating a competitive and level playing field.

WHITEHOUSE: Press Briefing