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WORLD ORDER AND GLOBAL GOVERNANCE

  1. WORLD ORDER AND GLOBAL GOVERNANCE
  2. • Bipolarity – international system revolves around two major power blocs (USA and USSR). • Bipolarity consolidated by formation of rival military alliances (NATO and Warsaw Pact). • Characterized by protracted tension and build up of massive armouries of nuclear weapons. World order during the cold war
  3. • New world order v new world disorder? • Initial wave of optimism and enthusiasm didn’t last long. Collapse of USSR unleashed centrifrugal pressures in the form of ethnic, racial and regional conflict. • USA emerges as a hyperpower or ‘global hegemon’ Post-cold war world order
  4. • Rising multipolarity has been associated with three main trends: 1) The decline of the US 2) The rise of China and other emerging powers 3) The changing nature of power and power relations From unipolarity to multipolarity?
  5. • Liberal theorists argue that there is an unmistakable trend in favour of global governance, reflecting growing interdependence and a greater willingness of states to engage in collective action. • The trend towards global governance has been particularly prominent in the economic sphere, where it has been associated with three bodies: the International Monetary Fund, the World Bank and the World Trade Organization. • The United Nations is the only truly global organization ever constructed, and it operates as the heart of the emerging global governance system. Global governance
  6. • Liberal theorists argue that there is an unmistakable trend in favour of global governance, reflecting growing interdependence and a greater willingness of states to engage in collective action. • The trend towards global governance has been particularly prominent in the economic sphere, where it has been associated with three bodies: the International Monetary Fund, the World Bank and the World Trade Organization. • The United Nations is the only truly global organization ever constructed, and it operates as the heart of the emerging global governance system. Global governance
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