Global Markets, Global Citizens, and Global Governance in the 21st Century
60 Pages Posted: 8 Dec 2013
Date Written: September 5, 2013
The politics, rules, and institutions of cooperation among nations have not kept up with the demands from global citizens for changes in the global political order. Whether norms and policies can make the global politics of managing the global economy more effective, more legitimate, and more responsive to the needs of the bottom half of the world’s population, for whom life remains harsh, remains to be seen. There is some cause for optimism, however: citizens everywhere are becoming more aware of and active in seeking changes in the global norms and rules that could make the global system and the global economy fairer — in processes if not outcomes — and less environmentally harmful.
Keywords: global economic governance, role of citizens, citizen activism, public opinion, global middle class, international financial institutions, World Bank, IMF, United Nations, income inequality, climate change, global public goods, political legitimacy
JEL Classification: F02, D31, D63, H87
Suggested Citation: Suggested Citation