Principle Of Global Governance Research Articles

Initiative Diplomacy: China’s New Rules for Global Governance, Security and Development

Since 2022, Chinese officials have embarked on an international mobilisation campaign to promote China’s new Global Security Initiative (GSI), Global Development Initiative (GDI) and Global Civilisation Initiative (GCI). The three new initiatives espouse China’s principles of global governance, security and development in order to reinforce the domestic legitimacy of the Chinese Communist Party, reform the global governance system, expand China’s international influence, especially in the developing world, and compete with the United States’ conception of the liberal rules-based international order.

Наднаціональне регулювання фінансового ринку: суперечності інституціоналізації

The article considers the current trends of strengthening supranational supervision as a result of global counter-crisis reform in the context of the shrinking unregulated space of operational activity of financial intermediaries and the implementation of the principles of global governance. The author characterizes the basic approaches of financial compliance, its goals, and implementation mechanisms in the global and national financial spaces. The legislative and normative basis for the implementation of financial compliance in the European financial and institutional coordinate system is systematized and the effectiveness of supranational financial control systems is determined. Features of supranational regulatory development are revealed. The ambivalence of financial compliance in terms of its implementation in the field of client-bank interaction is shown: against the background of banking dictates about clients, financial institutions themselves have the opportunity to overcome regulatory restrictions by more active use of shadow banking, offshore operations and more. There is a vision of quasi-institutionalization, or imaginary institutionalization, which manifests itself in the formal increase of supervisory procedures, the growth of regulatory mechanisms and the strengthening of general control, and at the same time in the actual avoidance by global financial structures from undesirable financial compliance. It is concluded that global trends of strengthening supervision close to hyperinstitutionalization at the local level lead to the emergence and expansion of non-institutional spaces that are not subject to classical regulation (shadow banking), or in which rules of operation are not available for adoption and use by ordinary entities (banking compliance).

Governing The Internet

This essay explores why the United States is relinquishing an important source of power over the Internet, and what this means for both users of the Internet and scholars of global governance. The Internet began as a niche tool of engineers and academics, funded by the Department of Defense. Governance was loosely exercised by an insular group of enthusiasts and experts. By the 1990s, as the Internet grew rapidly, control was asserted more directly by the US government. Significant power was delegated to the Internet Corporation for Assigned Names and Numbers (ICANN), a California non-profit. In June 2016, the Obama administration approved ICANN’s proposal for independent management of the critical “naming and numbering” function of the Internet. ICANN — governed by a complex multistakeholder structure that incorporates many non state actors — will directly control what is essentially the address book of the Internet. By delegating more autonomy to ICANN, the US will strengthen multistakeholderism, not just for ICANN, but as a broader principle of global governance. The Internet has been, over the past two decades, a central site of struggle between multistakeholderism and multilateralism. By relinquishing its role as primus inter pares among states, the US seemingly will lose an important source of power over the Internet. And yet even as its power is diminished, the achievement of its preferences will be strengthened. This somewhat paradoxical story has important lessons not only for the exercise of state power over the Internet but also for the evolution of global governance in a time when increasing numbers of nonstate actors across a range of international issues have achieved substantial participatory roles.

Global Governance and International Migration: A Case Study of Trafficking of Human Beings

The purpose of this paper is to explore the concept of 'global governance' and how it applies to the management of international migration by using trafficking of human beings as a case study. Globalization has altered the scene of world politics. A traditional state-centric view of the world order has been overshadowed by the increasing importance of other actors, including the United Nations, Multi-National Corporations (MNCs) and non-governmental organizations (NGOs). Globalization has also altered the dynamics of rule making and their enforcement within the international system, in that not only States, but also these non-State actors exercise enormous influence. The concept of global governance acknowledges this as it aims to include all the pertinent actors involved. To illustrate this further, the author will use trafficking of human beings as a case study. Two key principles of global governance are participation and accountability. This paper will analyze how these principles are reflected and implemented in the regime dealing with the prevention and suppression of trafficking of human beings.