Global Markets, Global Citizens, and Global Governance in the 21st Century

60 Pages Posted: 8 Dec 2013

See all articles by Nancy Birdsall

Nancy Birdsall

Center for Global Development

Christian Meyer

European University Institute - Economics Department (ECO)

Alexis Sowa

Center for Global Development

Date Written: September 5, 2013

Abstract

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

Birdsall, Nancy and Meyer, Christian and Sowa, Alexis, Global Markets, Global Citizens, and Global Governance in the 21st Century (September 5, 2013). Center for Global Development Working Paper No. 329. Available at SSRN: https://ssrn.com/abstract=2364171 or http://dx.doi.org/10.2139/ssrn.2364171

Nancy Birdsall (Contact Author)

Center for Global Development ( email )

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202-416-0700 (Phone)

Christian Meyer

European University Institute - Economics Department (ECO)

Villa La Fonte
Via delle Fontanelle 18
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Italy

HOME PAGE: http://www.eui.eu/eco

Alexis Sowa

Center for Global Development ( email )

2055 L St. NW
5th floor
Washington, DC 20036
United States

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