Mattieu- Week 3_ Desirability and Feasibility Global Governance

Mattieu- Week 3_ Desirability and Feasibility Global Governance

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Is Global Governance Feasible? Is It Desirable? Chapter 10 Mattieu Theron THRPIE002
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The Nation state is passe The earth is “flat” Transnational networks of regulators Activists organised around international non-governmental organisations MNCs shaping economic lives HOWEVER Who helped soothe the 2007/8 crisis; bail out global banks; stimulate the global economy; provide unemployment compensation… National Governments The hype that surrounds the decline of the nation state is just that: Hype Despite the vast array of international agencies – democratic decision making remains firmly within nation states
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Overcoming the Tyranny of Nation States Proposed solutions post financial crisis are the call for international rules & governance structures: International bankruptcy court; International lender of last resort; International bank charter; World financial organisation; Global central bank; International financial regulator These will help overcome domestic policies and regulations in financial service sectors delegating regulatory powers to an insulated & autonomous global entity leads to better governance, both global and national Requires DELEGATION
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