1. Global governance refers to the shifting of political and economic institutions to transnational agents or organizations. A feature of globalization, global governance theoretically ensures collaboration and cooperation between sovereign nation-states as well as private sector enterprises. Global governance often includes participation by transnational or international non-governmental organizations (INGOs) as well as para-governmental organizations like the United Nations. Global governance recognizes the inevitability of interdependence for achieving mutually beneficial economic, political, and social goals.
The goals of global governance vary depending on regional differences and differential needs. International economics organizations like the International Monetary Fund, the World Trade Organization, and the World Bank have become fully integrated into global economic strategies. Global governance groups do form policies and follow protocols, which are enforced mainly with sanctions and censure rather than through military pressure.
Global governance often has a regional focus, but is occasionally truly international in scope. Some of the international issues addressed by global governance include world trade, economic development, and policies related to climate change. International diplomacy and peacekeeping may also be on the global governance agenda.
2. Globalization does not necessarily dilute the efficacy of the nation-state....
References
Lechner, F. J. & John Boli (eds). (2014). The Globalization Reader. Fifth Edition. Malden: Wiley-Blackwell.
Ritzer, G. & Paul Dean. (2015). Globalization: A Basic Text. Oxford: John Wiley & Sons Ltd.
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