Short Answer Definitions
G8 – The Group of Eight is a an annual meeting of the heads of state from Canada,
Russia, the United States, France, Britain, Germany, Italy, and Japan.
state, and environment ministers also meet various times throughout the year.
was created in 1973 in the wake of the collapse of the Bretton Woods system with
the goal of preventing a 1930s-like run on resources or hike in protectionism.
primary function now is to attempt to coordinate the functions of other institutions
of global governance, such as the IMF, WTO, and World Bank.
This gives it
great relevance to discussions of international relations and global governance;
however the G8 has becoming increasingly controversial and arguably
Global Governance – Global governance is the processes and institutions, both formal
and informal, that guide and restrain the collective activities of the world’s
peoples as a whole.
It is therefore a combination of structures such as the WTO,
IMF, and the UN, as well as more informal structures like multinational
corporations and domestic laws of leading states.
In either case, global
governance is characterized by a normative foundation or shared understanding of
desired goals and objectives, an agreed set of rules that give juridical shape to and
operationalise the normative foundation, and a regulatory structure to monitor and
enforce compliance with and determine changes to the rules, as well as solve
Globalization – Globalization is the latest stage in a long accumulation of technological
advances which have given humans the ability to conduct their affairs across the
world without reference to nationality, government, time of day, or physical
It is both a process and a condition.
It began with the invention of the
printing press and has accelerated from the industrial revolution through the
advent of the internet.
It is relevant to international relations because it has
decreased the vertical concentration of power within states and increased the