Mechanisms of Global Governance: Economic Analysis

2013 ◽  
pp. 4-28 ◽  
Author(s):  
L. Grigoryev ◽  
A. Kurdin

The coordination of economic activity at the global level is carried out through different mechanisms, which regulate activities of companies, states, international organizations. In spite of wide diversity of entrenched mechanisms of governance in different areas, they can be classified on the basis of key characteristics, including distribution of property rights, mechanisms of governance (in the narrow sense according to O. Williamson), mechanisms of expansion. This approach can contribute not only to classifying existing institutions but also to designing new ones. The modern aggravation of global problems may require rethinking mechanisms of global governance. The authors offer the universal framework for considering this problem and its possible solutions.

2015 ◽  
Vol 50 (3) ◽  
pp. 402-417 ◽  
Author(s):  
Patricia M Goff

Innovative mechanisms of global governance are increasingly common, yet they defy easy categorization. The Alliance of Civilizations, a UN initiative that seeks to promote intercultural dialogue, is one such example. It is a hybrid entity that exhibits elements of networks, international organizations, and public–private partnerships, among other things. Only when we shift our gaze to its patterned activities do we discover that it might best be understood as a community of practice specializing in global-level public diplomacy. Practice-based analysis, therefore, allows a deeper understanding of the Alliance and, in turn, prompts a fresh consideration of an increasingly important form of diplomacy. I argue, in particular, that public diplomacy is not solely a national-level, state-oriented activity. In turn, this inquiry invites practice theorists to reflect on the degree of fit required to associate a unique social form with an identifiable set of patterned activities.


2004 ◽  
Vol 39 (3) ◽  
pp. 393-422 ◽  
Author(s):  
Christopher May

AbstractThe making of knowledge and information into property, through intellectual property rights (IPRs) has commonly been justified using a set of cosmopolitan norms. These norms of justification have been extensively deployed within the structures of global governance for IPRs. However, the political community that underpins such norms in national jurisdictions is lacking at the global level. Many of the political problems now recognized with the globalized protection of IPRs stem from this tension between cosmopolitan legalism and the contemporary ‘thin’ global community.


Author(s):  
Jean-Philippe Robé

The book applies legal concepts to economic analysis. It explains that modern economies require the existence of a specific legal system to operate. The analysis builds on the prior work of institutional economists such as Douglas North. It brings it forward by integrating what was missing: the legal component. Taking its distance from the economic analysis of law, it provides a legal analysis of economics. It is superior in this regard because real life economic actors must abide by legal rules. Their economic activity is dependent on the existence of rules making it possible, something present economic analyses neglect completely. Without States and the services they provide (protection services, a legal system, property rights, justice, roads, contract enforcement, and so on), economic activity cannot flourish. The book concentrates on the particular importance of property rights. They always played a key role in economic development. They now play a key role in the operation of a global economy because of the surge of multinationals built on the right of property concentrated via corporations. The role of corporate law in the reconfiguration of the power system from a State System to a World Power System is explained. The book is of interest for all social scientists interested in the operation of our present world economy in an era of globalization. It provides new insight on how to address global issues, in particular global climate change, which is a direct consequence of the spreading of a world economy over a divided State System.


Author(s):  
Gisela Hirschmann

How can international organizations (IOs) like the United Nations (UN) and their implementing partners be held accountable if their actions and policies violate fundamental human rights? Political scientists and legal scholars have shed a much-needed light on the limits of traditional accountability when it comes to complex global governance. However, conventional studies on IO accountability fail to systematically analyze a related, puzzling empirical trend: human rights violations that occur in the context of global governance do not go unnoticed altogether; they are investigated and sanctioned by independent third parties. This book puts forward the concept of pluralist accountability, whereby third parties hold IOs and their implementing partners accountable for human rights violations. We can expect pluralist accountability to evolve if a competitive environment stimulates third parties to enact accountability and if the implementing actors are vulnerable to human rights demands. Based on a comprehensive study of UN-mandated operations in Afghanistan, Bosnia, and Kosovo, the European Union Troika’s austerity policy, and global public–private health partnerships in India, this book demonstrates how competition and human rights vulnerability shape the evolution of pluralist accountability in response to diverse human rights violations, such as human trafficking, the violation of the rights of detainees, economic rights, and the right to consent in clinical trials. While highlighting the importance of studying alternative accountability mechanisms, this book also argues that pluralist accountability should not be regarded as a panacea for IOs’ legitimacy problems, as it is often less legalized and might cause multiple accountability disorder.


Author(s):  
Tyler Pratt

Abstract Why do states build new international organizations (IOs) in issue areas where many institutions already exist? Prevailing theories of institutional creation emphasize their ability to resolve market failures, but adding new IOs can increase uncertainty and rule inconsistency. I argue that institutional proliferation occurs when existing IOs fail to adapt to shifts in state power. Member states expect decision-making rules to reflect their underlying power; when it does not, they demand greater influence in the organization. Subsequent bargaining over the redistribution of IO influence often fails due to credibility and information problems. As a result, under-represented states construct new organizations that provide them with greater institutional control. To test this argument, I examine the proliferation of multilateral development banks since 1944. I leverage a novel identification strategy rooted in the allocation of World Bank votes at Bretton Woods to show that the probability of institutional proliferation is higher when power is misaligned in existing institutions. My results suggest that conflict over shifts in global power contribute to the fragmentation of global governance.


2021 ◽  
pp. 016224392199910
Author(s):  
Nina Frahm ◽  
Tess Doezema ◽  
Sebastian Pfotenhauer

Long presented as a universal policy-recipe for social prosperity and economic growth, the promise of innovation seems to be increasingly in question, giving way to a new vision of progress in which society is advanced as a central enabler of technoeconomic development. Frameworks such as “Responsible” or “Mission-oriented” Innovation, for example, have become commonplace parlance and practice in the governance of the innovation–society nexus. In this paper, we study the dynamics by which this “social fix” to technoscience has gained legitimacy in institutions of global governance by investigating recent projects at two international organizations, the Organization for Economic Cooperation and Development and the European Commission, to mainstream “Responsible Innovation” frameworks and instruments across countries. Our analysis shows how the turn to societal participation in both organizations relies on a new deficit logic—a democratic deficit of innovation—that frames a lack of societal engagement in innovation governance as a major barrier to the uptake and dissemination of new technologies. These deficit politics enable global governance institutions to present “Responsible Innovation” frameworks as the solution and to claim authority over the coproduction of particular forms of democracy and innovation as intertwined pillars of a market-liberal international order.


2021 ◽  
pp. 1-21
Author(s):  
Christian Downie

Abstract In policy domains characterised by complexity, international organizations (IOs) with overlapping mandates and governance functions regularly interact in ways that have important implications for global governance. Yet the dynamics of IO interactions remain understudied. This article breaks new ground by building on the theoretical insights of organizational ecology to examine IO competition, cooperation, and adaptation in the domain of energy. Drawing on original empirical data, I consider three related hypotheses: (1) competition between IOs in the same population is likely to centre on material resources; (2) IOs are more likely to cooperate when they have a shared governance goal; and (3) individual IOs can adapt by changing their goals and boundaries. In considering these hypotheses, this article highlights the limits of the organizational ecology approach and the need to broaden it to account for the possibility that IOs do cooperate, and that individual IOs, such as the International Energy Agency, have the capacity to adapt to changes in their environment.


2020 ◽  
pp. 1-13 ◽  
Author(s):  
Michael Barnett

Abstract Michael Zürn's Theory of Global Governance is an original, bold, and compelling argument regarding the causes of change in global governance. A core argument is that legitimation problems trigger changes in global governance. This contribution addresses two core features of the argument. Although I am persuaded that legitimacy matters, there are times when: legitimacy appears to be given too much credit to the relative neglect of other factors; other times when the lack of legitimacy has little discernible impact on the working of global governance; and unanswered questions about how the legitimacy of global governance relates to the legitimacy of the international order of which it is a part. The second feature is what counts as change in global governance. Zürn reduces change to either deepening or decline, overlooking the possible how of global governance. In contrast to Zürn's map of global governance that is dominated by hierarchies in the form of international organizations, an alternative map locates multiple modes of governance: hierarchies, markets, and networks. The kinds of legitimation problems that Zürn identifies, I argue, can help explain some of the movement from hierarchical to other modes of global governance.


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