Global Governace

Question 1

Global governance

Answer 1

Broad, dynamic and complex process of interactive decision making at the global level that involves formal and informal mechanisms as well as governmental and non-governmental organisations.

Question 2

Global economic governance

Answer 2

Set of norms, rules and institutional mechanisms to manage the global economy without a new world government

Question 3

Anchors of the global political economy

Answer 3

Global economic governance takes place mainly through IMF, World Bank, world trade organisation, MNC/TNC