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Global Political Economy

Global Political Economy (1st edn)

Nicola Phillips
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date: 21 July 2024

p. 336p. 33714. Global governancelocked

p. 336p. 33714. Global governancelocked

  • Richard Jolly
  •  and Thomas G. Weiss

Abstract

This chapter discusses ‘global governance’, the term now used widely to analyse the international system. Global governance consists of collective efforts to identify, understand, and address worldwide problems and processes that go beyond the capacities of individual states. The question of how to improve global economic governance can be understood by addressing the main ‘gaps’ in the international system: knowledge, norms, policies, institutions, leadership, and compliance. The chapter then presents three illustrations of current issues in global governance—and the gaps therein—to help in understanding international responses (both weak and strong) to communicable diseases, economic instability, and child welfare. Ultimately, addressing global governance problems requires more robust intergovernmental organizations (IGOs) and international non-governmental organizations (NGOs).

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