1. World Trade Organization (WTO): Global governance is related to the key multilateral economic institutions like the IMF, the World Bank and the WTO. It varies from TRIPs, TRIMs and agriculture to services, market access and dispute settlements. Many people are unaware of the World Trade Organization (WTO), yet it makes decisions which affect the […]
Agencies of Global Governance: WTO, IMF and OECD
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Role of the Interpretive Community in Global Governance
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Global governance, essentially a product of liberal thinking, concerns so called global values, norms, standards and rules. The majority of values that are considered global are Western and so global governance basically facilitates and reflects Western hegemony. Western hegemony here refers to the dominance of Western institutions, interests, standards and NGOs. The ‘global civil society’ […]
Difference between Sovereignty and Global Governance
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State sovereignty is like a living organism; it casts off its meanings as it evolves in response to the demands of global governance. In simple terms, sovereignty can be described as a principle that legitimises internal political organisation and serves as a mechanism for enhancing international order. It is, therefore, linked to both internal and […]