GLOBAL GOVERNANCE

Spring 2010

by Danilo Turk

There is scarcely any more pressing a question then that of seeking a new model of global governance. The world needs an alignment of its major economic and military powers to ensure global order and peace.

At the same time, the world needs global institutions capable of making international cooperation inclusive, participatory and sustainable. Today’s polycentric world offers us a real chance of achieving the former, but reform of our existing global institutions is going to be needed if we’re to get the latter.

The lynchpin of the two is the emerging G20. It is hard to say whether that group can move the world in the right direction, but there will be an early test; reform of the International Monetary Fund. Let us press for global financial reform that would include as an early measure IMF reform and real changes to its quota system, its decisionmaking process and its lending policies.

 

Further articles in this GLOBAL GOVERNANCE section
Pascal Lamy	Global Governance is a challenge for democracy (but an EU opportunity)
Iain Begg	Global governance could take a leaf from the EU's book
Leszek Balcerowicz	Worldwide reform means engaging public opinion first
Robert Hutchings	Why U.S.-EU economic co-operation holds the key to global governance
Paul Tucker	Ending boom and bust: The case for macroprudential instruments
The Europe's World panel on global governance
C. Fred Bergsten	The global crisis has accelerated governance reform
Daniel Daianu	G20 could turn into a global economic security body
Kemal Dervis	G20 should increase the legitimacy of the international institutions
Jirí Dienstbier	Nation states cannot meet the challenges of deregulated globalisation
William Drozdiak	An alternative is regional institutions to act in the service of global governance
Monica Frassoni	The only global governance model that would work is federal
Angel Gurría	G20 could give the momentum needed to usher in unprecedented international co-operation
Danuta Hübner	The dynamics of crisis have fundamentally altered the global financial system
Wolfgang Ischinger	We need fundamental reform of the international institutions
Sandra Kalniete	Global governance requires predictable and fair funding
Sergei A. Karaganov	Despite its decline, Europe will be a shining example of how the world should be governed
Kishore Mahbubani	Europe provides both the problem and the solution to reforming global governance
Reza Moghadam	We at the IMF have already begun the process of reconciling effectiveness and legitimacy
Jean Pisani-Ferry	After a brilliant start, global co-operation and governance may disappoint in the years ahead
Hans-Gert Pöttering	The European Parliament must play a central role if we want a democratic model of global governance
Jiang Shixue	China would never accept the idea of a G2
Guy Verhofstadt	Integration that transcends borders is the logical response to 21st century realities
Download full PDF version of this section