The Financial Crisis - Global Governance Failure?

Review of Economic and Business Studies, Forthcoming

18 Pages Posted: 19 Mar 2010

See all articles by Laura Afrasine

Laura Afrasine

Bucharest Academy of Economic Studies - Dept of International Business and Economics

Date Written: April 20, 2009

Abstract

The asymmetries created by the non-conventional threats tend to lean the international security toward its human approach. Nevertheless, we now have to deal with the need for international cooperation and with finding complex solution to complex global issues. The international scene can be defined through its need for security and cooperation.

This paper aims to analyze the international relations in three directions: the relationship between global governance and international security, the impact of the financial crisis on the world and the need for a new global governance architecture as a solution for stability and sustainability. Considering recent events, we need to find a new paradigm for global governance. The aim of this paper is to put forward the need for global governance reform through government networks. In addition, I consider a heterarchic vision of the new world order.

Keywords: global governance, financial crisis, international security

JEL Classification: F02, F55, F59, P16

Suggested Citation

Afrasine, Laura, The Financial Crisis - Global Governance Failure? (April 20, 2009). Review of Economic and Business Studies, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1570503

Laura Afrasine (Contact Author)

Bucharest Academy of Economic Studies - Dept of International Business and Economics ( email )

Romania

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