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Global Governance

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Jasmyne Logan

on 14 November 2011

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Transcript of Global Governance

Global Governance Global Governance is... Global governance or world governance is the political interaction of transnational actors aimed at solving problems that affect more than one state or region when there is no power of enforcing compliance.
Countries Involved... Africans and Africa draw on a philosophical tradition of community and social solidarity that can serve as inspiration to the rest of the world and contribute to building world governance. United States Foreign-policy proposals announced by the President Barack Obama include restoring the Global Poverty Act, which aims to contribute to meeting the UN Millennium Development Goals to reduce by half the world population living on less than a dollar a day by 2015 Latin America The 21st century has seen the arrival of a new and diverse generation of left-wing governments in Latin America. This has opened the door to initiatives to launch political and governance renewal. Asia The growing interest in world governance in Asia represents an alternative approach to official messages, dominated by states' nationalist visions. An initiative to develop proposals for world governance took place in Shanghai in 2006, attended by young people from every continent. Europe According to Michel Rocard, Europe does not have a shared vision, but a collective history that allows Europeans to opt for projects for gradual political construction such as the European Union. Drawing on this observation, Rocard conceives of a European perspective that supports the development of three strategies for constructing world governance: reforming the UN, drawing up international treaties to serve as the main source of global regulations, and "the progressive penetration of the international scene by justice. Africa Global Governance has been actively used since 2009 and when the G20 was passed What is the G20??? The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
A Finance Minister is a cabinet position held in government which holds many jobs such as helping the government budget, stimulate the economy, and control finances.
Risks There is a risk that common rules are not optimal and in particular that they are too limited, since they have to be the minimum standards across many constituencies Particularly within countries, economic growth has created many losers and few winners This risk is very real in the area of finance because of significant differences across countries in financial structures, financial instruments and preferences for financial regulation. How will it affect the United States? Drains political authority from states Delegating it to supernational organizations Devolving authority to newly empowered regions Transferring it to multinational firms and nongovernmental organizations
The Central Banks is an important part of the government by helping to regulate the money supply, control interest rates, and looking after the overall banking system of the United States. There are 12 banks in the United States which are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco President Obama does support the G20, he agrees with anything global. The Global Poverty Act would require the U.S. President to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty
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