Abstract
Although we live in a globalizing world there exists so far no systematic conceptualization of global public policy. Accordingly, this article explores the question of whether such a policy has emerged in practice. It finds that qualifying initiatives do exist, and in rising numbers, but that they have not yet coalesced to form a new, identifiable policy strand. The conjecture that the article offers for further research and debate is that defining a sovereignty-compatible rationale for global public policy is the critical missing link. This will first require well-framed proof that in global-issue areas marked by interdependence, fair and effective international cooperation is in states' enlightened self-interest and, second, consensus on a notion of ‘smart’ sovereignty, that is, an exercise of sovereignty that seeks to combine the pursuit of national interests with respect for the sovereignty of other states.
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