Dimensions of Globalization - The Contemporary World.pdf

Dimensions of Globalization: Global Governance  Learning Objectives: 1.Have an understanding of Global Governance. 2. Understand the various concepts and theories of Global Governance. 3. Identify, analyze the role of Transnational Actors and Global Society What is Global Governance? It...

Dimensions of Globalization: Global Governance  Learning Objectives: 1.Have an understanding of Global Governance. 2. Understand the various concepts and theories of Global Governance. 3. Identify, analyze the role of Transnational Actors and Global Society What is Global Governance? It refers to institutions that coordinate the behavior of transnational actors, facilitate cooperation, resolve disputes and alleviate collective action problems. It broadly entails making, monitoring and enforcing rules.  Why is global governance important The goal of global governance, roughly defined, is to provide global public goods, particularly peace and security, justice and mediation systems for conflict functioning markets and unified standards for trade and industry.  Five factors that will mainly shape the future of global governance: 1. Individual empowerment 2. Increasing awareness of human security 3. Institutional complexity 4. International power shift 5. Liberal world political paradigm Advantages of Global governance: Reducing inequality Eliminating currency risk Protecting the Environment Fixing Taxation Curbing the power of Multinationals Ensuring a fair response to crises Solving the Migration problems The pandemic as a trigger to change.  What is a Multilateral Organization: They are formed by three or more nations to work on issues that are relevant to each of them. They ensure participation by all in the management of world affairs while ensuring the legitimacy of any relief effects being implemented.  Role of multinational institutions: Facilitate linkages to government and can catalyse, through their normative role Development of guidelines and standards to support health actors To advance social innovations and integrate research in their process.  Globalization and Environmental Risk and resilience:> Friendly technologies and practices Reduce pollution in developing countries through importing greener technologies Developing better environmental regulation and standards. Its negative effect is that it will force poorer countries of the world to do whatever the big developed countries tell them to do.  Five Gaps of Global Governance: 1. Normative gaps – emergence between the goals of the policy makers and the objection of the economic designs. 2. Knowledge gaps – refers to a disparity in access to information and tools by the poor in accessing, recognizing, and promotingthe creativity of developing world. 3. Incentive Gaps – is between the need for international cooperation and the motivation to undertake it. 4. Governance gap – is where the transnational companies (TNC) operates in states that can not or will not fulfill their obligation to protect the rights of there own citizens. 5. Institutional gaps – include holes in the law (codified Law) and norms. > It is the gap that concerns us in the weakness in the current structures for coordinating state decision-making and actions.  Resources: https//www.environment.co.za https//borgenproject.org Wikipedia END! God bless everyone!!!!!!! Prepared by: Remedios A. Yolola Teacher TCW