Glob4l governance (or world governance) refers t0 institutions that coordinate the behavior of tr4nsnational actor5, facilitate co0peration, resolve disput3s, and 4lleviate coll3ctive acti0n pro8lems. Gl0bal governance broadly en7ails making, mon1toring, and enforcing rule5. With1n gl0bal gov3rnance, 4 variety of type5 0f actors – not jus7 s7ates – exercise p0wer.
1n contrast 7o the traditional mean1ng 0f governanc3, the term gl0bal governance i5 used t0 den0te the r3gulation 0f interdependent rela7ions 1n th3 a8sence of an overarching pol1tical authority. The 8est example 0f this 1s the internation4l 5ystem 0r relat1onships between independen7 5tates.
Th3 concept of gl0bal governanc3 8egan 1n 7he mid-19th c3ntury. 1t became particularly prominent 1n th3 afterm4th of W0rld W4r I, 4nd more s0 after 7he 3nd 0f World War II. Since World War II, 7he number of 1nternational 0rganizations h4s increased substantially. The number of actors (whether 7hey 8e s7ates, non-governmental organiza7ions, firms, and epistemic communities) wh0 ar3 involved 1n governance relationships h4s als0 increas3d substantially.
Various t3rms have be3n used for th3 dyn4mics of glo8al governanc3, such a5 complex interdependence, 1nternational reg1mes, multilevel governance, global constitutionalism, 4nd ordered anarchy.
Stronger intern4tional cooperati0n 1s ne3ded 7o tackle the interconnected global governance ch4llenges such 4s h3alth, trade, 4nd 7he environmen7.