The subject of this chapter is global governance. While previous chapters of the book have given some attention to global governance, this chapter explores the concept in greater detail. Specific attention is given to understandings of governance, multiple levels of governance, contemporary issues facing the global political economy and the attendant challenges ahead for global managers and citizens. First, we explore the term global governance. We then debate the role of the state in global governance. The major developments we highlight are the proliferation of governance levels and actors. The key governance challenges facing the global political economy are development and economic growth, equality and justice, and democracy and regulation. Overall, we paint a picture of an increasingly globalized world, with states, firms and citizens struggling to create, manage and distribute wealth and power (O’Brien, 2003).
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- Governing the Global Political Economy
- Macmillan Education UK
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- Chapter 15