By Alan S Alexandroff
during this booklet, prime diplomacy specialists and practitioners research via idea and case learn the possibility for profitable multilateral administration of the worldwide financial system and overseas protection. within the concept part individuals take on the massive questions: Why is there an obvious emerging tide of demands reform of present multilateral firms and associations? Why are there transforming into questions over the effectiveness of worldwide governance? Is the reform of present enterprises and associations most likely or attainable? Case experiences comprise the exam of problems dealing with international improvement, the demanding situations dealing with the IMF and the governance of worldwide finance, the issues of the UN 2005 global Summit and its failed reform, and the WTO and the questions raised via the lengthy Doha improvement around.
Co-published with the Centre for overseas Governance Innovation
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Additional resources for Can the World Be Governed?: Possibilities for Effective Multilateralism
Any new multilateralism thus has to deal with the core reality of the changed distribution of power. Whether one regards the world today as unipolar or hegemonic, or the United States as a hyperpower, this changed reality affects all states. It also changes their incentives for, and expectations from, multilateral arrangements. Any new institutions will perforce be built on the foundations of this new reality. Although the United States is far and away the world’s dominant power, domain-specific distributions of power also matter.
In a world in which international institutions need to be compatible with societal incentives as well as governmental ones, multilateralism also provides domestic legitimacy to governments that need the support of citizens to sustain their foreign policies. The relationship between multilateralism and domestic legitimacy can be assessed by asking simple questions. Are political leaders punished or rewarded for flouting the norms of the international community, or even for ignoring the outside world?
Incentive Compatibility and Global Governance I 47 measures of power: the combined population and combined gross domestic product of coalition countries. The other two features, however, were unrelated to issues of power: “Every major race, religion, ethnicity in the world is represented” and “The Coalition includes nations from every continent on the globe” (United States 2003). Thus, the coalition was presented, first, as an agglomeration of resources and capabilities and, second, as broadly representative by race, religion, ethnicity, and region.