Global Governance Facing Structural Changes

Contemporary governance is a contested field of competing institutional schemes and system of rules. This book analyzes new institutional trajectories, the renewal of old institutions or the emergence of new ones, to understand their interaction and how they can help renew collective action in a new world of global digital capitalism.

The current international system of institutions and governance groups is proving inadequate to meet many of today's most important challenges, such as terrorism, poverty, nuclear proliferation, financial integration, and climate change. The International Monetary Fund, World Bank, and UN were founded after World War II, and their structures of voting power and representation have become obsolete, no longer reflecting today's balance of economic and political power. This insightful book examines how to make such institutions more responsive and effective. Institutional reform is critically needed but currently in stalemate. A new push is needed from powerful nations acting together through a reformed and enlarged G-8 that includes emerging economies, such as China and India. Global challenges demand integrated approaches, with greater coordination among international institutions. Global Governance Reform argues that without reconstituting the Group of 8 summit into a larger, more representative group of leaders, with a new mandate to provide strategic guidance to the system of international institutions, the world will fall further behind in addressing global challenges. The path to global reform is defined by the need to act in coordinated ways on summit and institutional reform, and this book lights the way.

This book analyzes the state of global governance in the current geopolitical environment. It evaluates the main challenges and discusses potential opportunities for compromise in international cooperation. The book’s analysis is based on the universal criteria of global political stability and the UN framework of sustainable development. By examining various global problems, including global economic inequality, legal and political aspects of access to resources, international trade, and climate change, as well as the attendant global economic and political confrontations between key global actors, the book identifies a growing crisis and the pressing need to transform the current system of global governance. In turn, it discusses various instruments, measures and international regulation mechanisms that can foster international cooperation in order to overcome global problems. Addressing a broad range of topics, e.g. the international environmental regime, global financial problems, issues in connection with the energy transition, and the role of BRICS countries in global governance, the book will appeal to scholars in international relations, economics and law, as well as policy-makers in government offices and international organizations.

Power Shifts and Global Governance: Challenges from South and North' presents an eclectic theoretical framework for emerging architectures of global governance through examining country and regional case studies from the perspective of 'great power shifts' in the twenty-first century. The book analytically and empirically explores the role of global civil society, discusses the implications of the rise of India and China, analyses regional security issues in Latin America and the Middle East and develops proposals for possible summit and UN reforms.

This book brings attention to the growing complexity of managing multinational firms in light of the rise to significant power of non-governmental organizations such as Amnesty International and the anti-WTO coalition. It also considers the renewed public doubts about MNE legitimacy as the free-market model comes under greater criticism, especially in emerging markets. The book adds very useful value in illuminating situations in which companies are facing increased impact of pressure groups as well as governments in their international business. The menu of papers really gives the reader some food for thought, and specifically for thinking about how more acceptable governance of MNEs can be pursued in the 21st century. Robert Grosse, The Garvin School of International Management, US In recent years a number of excellent books have been published on the failure of corporate governance. However, nothing compares with Sushil Vachani s Transformations in Global Governance, a gripping account of global corporate governance provided by recognized IB scholars. Subhash C. Jain, University of Connecticut, US An excellent book for scholars, business leaders, and policymakers that makes good on its title Transformations in Global Governance. Sushil Vachani and the book s contributors identify how the governance structures of organizations are being transformed not just shifted or adjusted. NGOs, the WTO, multilateral institutions, multinationals, host governments and many other stakeholders have new roles and rules that are redefining how one governs a successful and socially responsible global enterprise. A must read for those intending to lead their organization's change efforts in our global economy. Stephen A. Stumpf, Villanova University, US and co-editor of Handbook on Responsible Leadership and Governance in Global Business The world of multinational enterprises is changing dramatically. Their complex and dynamic international context presents them with special challenges threatening their survival on one hand, and presenting them with unprecedented opportunities on the other. In this volume, international experts analyze different aspects of the transformations in global governance: ideological variations, trade governance, competition policy and the rise of civil society. They discuss the implications for multinational government relations, multinationals self-governance, relations with NGOs and issues of competitiveness. The book focuses on two forces integral to the process of globalization. The first is the evolution of inter-governmental organizations, such as the World Trade Organization, and various agreements pertaining to trade, environment, labor, competition and investment. The other equally important factor is the rise of non-governmental organizations (NGOs), which have a significant impact on the strategies of multinational enterprises, governments and inter-governmental organizations. The contributors explore these forces in chapters detailing shifts in governance and their implications for multinationals, governments and society in general. This cohesive examination of an under-analyzed area will appeal to students and scholars of international business, and other researchers in management schools, think tanks, management consulting companies, government agencies, inter-governmental organizations, and NGOs.

Contemporary governance is a contested field of competing institutional schemes and system of rules. This book analyzes new institutional trajectories, the renewal of old institutions or the emergence of new ones, to understand their interaction and how they can help renew collective action in a new world of global digital capitalism.

"The Social Trends Institute (STI) is a non-profit international research center dedicated to fostering understanding of globally significant social trends. To this end, STI brings together the world's leading thinkers, taking an interdisciplinary and international approach. Currently, STI's areas of priority study are Family, Bioethics, Culture & Lifestyles, Governance, and Civil Society. Findings are disseminated to the media and through scholarly publications. The individuals and institutions that support STI share a conception of society and the individual that commands a deep respect for the equal dignity of human beings, and for freedom of thought, as well as a strong desire to contribute to social progress and the common good"--

Today, the debate on world order is intense. As is always the case in times of transition, the global restructuring of international affairs is generating a deep reflection on how the world is, and how it should be reorganized. After the long frozen period of the cold war and the subsequent years marked by US unipolarism, the world has begun the new millennium with profound shifts. The relative decline of the USA, the crisis in the European Union, the consolidation of the BRIC emerging economies, and the diffusion of the power to non-state actors all constitute significant elements that demand a new conceptualization of the rules of the global game. In this pluralist and changing context, a number of different narratives are presented by the key actors in the international system. This book analyses these narratives in comparative terms by putting them in the wider framework of the transformation in global governance.