Renewal of the Global Governance Model in the Process of Geosocium Transformation

Abstract

The article analyzes the changes in the geosocium governance model that have occurred due to the impact of sharing and digital economies’ development. It determines the nature of interaction between states and multinational corporations and reveals the potential role of communities as the owner and source of resource exchange, and a global governance actor in this interaction. Therefore, the study focuses on the trends in renewing the global governance model in the process of geosocium transformation. A dialectical approach and the method of intellectual inversion, which allowed a comprehensive analysis of the functions redistribution in governing socium and geosocium, were used in the research. It is stated that green, digital and cryptocurrency transitions act as instrumental forms for reshaping the model of global governance of strategic resources for vital human activities. The study suggests that the transition to the age of digital coexistence has increased the flexibility of global governance actors and diversity of their associations on the basis of harmonization and restoration of the system’s energy and information balance. The modern geosocium construct which is complex, but simultaneously fragile and vulnerable, requires the governance system, which is being shaped, to comply with the principles of openness, tolerance, dialogue communication and responsibility of all participants in geosocial relations.