The Power of Institutions and the New Global Governance:: Contemporary Challenges for Cooperation in an Interconnected World

Abstract

The multilateral institutions derived from Bretton Woods, since 2008 and especially in the last decade, have been under check denoting that the international order has reached a critical stage. This process can also be evidenced by the increasing criticism concerning the role and performance of the international institutions in force. This issue addresses to several actors – including the so-called “emergent world” - and their movement towards reviewing their participation in the international arena. At this point, the willingness to revisit their insertion on global governance scope, led to the conformation of the BRICS - aiming to cooperate and reach a higher level of development accompanied by a repositioning in the international arena. This movement overcame the five original countries aims, as the bloc and these guidelines are expanding scope. In this context, what is the role of the global community to move forward and contribute to the process of designing relevant institutional guidelines to overcome contemporary demands within the international arena? Which dynamics should be revisited to face the present challenges and how do domestic politics and actors interfere in shaping global governance? These are some questions concerning this study, observing the main features that affect the policy-making processes. By rethinking contemporary features of Global Governance through the IPE approach - debating which kind of measures and shapes for the international organizations would be suitable and fit better the contemporary challenges for cooperation - this research intends to debate the key features for structuring a “New Global Governance” institutional framework.

Presenters

Gabriel Rached
Post Doc Student, Political Sciences and International Relations, Università degli Studi di Milano, Milano, Italy

Details

Presentation Type

Paper Presentation in a Themed Session

Theme

The Power of Institutions

KEYWORDS

NEW GLOBAL GOVERNANCE, INTERNATIONAL INSTITUTIONAL FRAMEWORK, CHALLENGES FOR COOPERATION