The Contemporary World - Lesson2.2
The Contemporary World - Lesson2.2
Lesson 2.2
By: Rhon Torrente| Instructor
Global Government
• International agreements:
– General Agreement on Tariffs and Trade (GATT)
• Global Organization composed of foreign bodies:
– World Trade Organization (WTO)
– World Bank (WB)
– International Monetary Fund (IMF)
• Loose groupings:
– G7 (US, Canada, Japan, United Kingdom, France, Italy and
Germany)
– G20 (advance and emerging economies including EU
• Informal discussion Fora – World Economic Forum
• Government and International Institutions
• Civil society and businesses
Effects of Global Governance over Globalization
• Global governance:
– Not a global government
– Does not recognize a world government or any central authority or power
that seeks to resolve international issues.
• Can be economic and political spheres.
– International Monetary Fund (IMF) - major actor in global economic
governance.
– Leads to Unilateralism - weakens multilateralism as an instrument for
making globalization work.
Environmental Governance
• Collective approaches to tackle the challenge
brought on by rapid change and irreversible
impact on nature on human activity.
• An initiative that has allowed nature to
transcend political and social barriers to the
effects of the global crises ignoring its
consequences.
– Climate change - one of the most significant
challenges that the world is facing right now.
• Environmental management - the most
wanting in urgent answers in the form of
collective action by the whole of the human
community
Environmental Governance
Climate Justice – concerning environment
governance
– Lies in the aspect that most of those who suffer the
adverse effects of the wrath of nature have very little
to do with the causes of climate change.
– Policymakers should take measures to enable the
most considerable number of world citizens to save
the natural environment.
Reducing carbon emissions – industries must take
care of the environment
– Amassed significant amount of profits at the expense
of nature
– Do their share in saving the environment and spare
people from the effects of the harsh forces of nature.
World Governance Challenges