Global Governance Flashcards
Definition of global governance
global affairs affecting the whole world and how they are managed. Co-operation is negotiated between countries, who then abide by similar rules signed by treaties or international law
What type of issues does global governance deal with?
- climate change
- global disease epidemics
What are international laws?
Rules established by countries through international agreements. Legally binding. Cover human rights, labour standards trade regulations etc
What are institutions?
Political and legal organisations which exist to pass and enforce laws, decide if a law has been broken.
What are global scale institutions?
United Nations, World Trade Organisation and International Criminal Court
Advantages of global governance
- means countries abide by common rules giving greater stability as countries know how people will react so conflict is less likely
- Trade rules means countries can’t take advantage of each other so all countries can develop
- Global trade through common rules increased
- WTO combats epidemics
- United Nations Educational, Scientific and cultural Organisation (UNESCO) means scientific findings are shared
Disadvantages of global governance
- countries sign up to international laws and institutions voluntary so if a country doesn’t sign up they are not bound to laws
- can be hard to make TNC’s and countries comply with rules
- some people think global institutions act for political reasons
How can institutions create global inequalities and injustices?
- conditions on receiving a loan from IMF or WB e.g. to receive a loan developing countries have to implement free trade policies and cut government spending
- can strengthen power rather than promote quality
- members of security organisations can veto solutions