Governance issues in an integrating world Flashcards
What are the major global governance issues being faced by governments and business in a globalising world?
Major global governance issues:
- Bypassing state authority
- Undermining state sovereignty and democracy
- Exclusion of nonelite groups / countries
- Labour issue
- Upper hand of MNCs in the detriment of the rest of the society
- Increasing disparity and the wellbeing issue
Do you support the way WTO has been managing the various trade-related governance issues since its inception in 1995? Is WTO safeguarding MNC interests more than the interests of governments and people? Why?
Yes I support the way WTO has been managing the various trade-related governance issues since its decisions are made from a strictly free trade perspective based on one set of rules that encourages good government.
WTO is safeguarding MNCs interest more as it serves the interests of these while trampling human and labour rights, increasing inequality and undermining national sovereignty.
Do you consider the apparently increasing power of MNCs and eroding capacity and role of governments as potential problems of global governance?
Yes as global governance should aim for satisfying all citizens in the world. When the MNCs get more power, the gap gets bigger in terms of goals between the MNCs and governments, which increases complexity of global governance.
