{"id":10059,"date":"2014-06-22T17:46:53","date_gmt":"2014-06-22T21:46:53","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=10059"},"modified":"2014-06-22T17:46:53","modified_gmt":"2014-06-22T21:46:53","slug":"europp-divided-nations-why-global-governance-is-failing-and-what-we-can-do-about-it","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/06\/22\/europp-divided-nations-why-global-governance-is-failing-and-what-we-can-do-about-it\/","title":{"rendered":"EUROPP \u2013 Divided Nations: Why global governance is failing, and what we can do about it"},"content":{"rendered":"

Ian Goldin, Professor of Globalization and Development at the University of Oxford, discusses the challenges of cross-border governance presented by globalization and presents 5 core principles necessary for a solution:<\/p>\n

\n

….Yesterday\u2019s structures are not equipped to deal with today\u2019s problems, but thankfully it is not too late. Aggressive action must be taken, and such action would be effective if it incorporates five core principles which I have developed together with my Oxford colleague, Ngaire Woods. First, global action is only required on global problems. Local jurisdictions matter and should continue to address local and national problems on their own terms. <\/p>\n

Second, while not everyone must be included in global negotiations, inclusion of key actors is essential. It is an obvious point that if the biggest polluters are left out of climate change agreements, the agreement is useless\u2014but this principle must be central to any reform efforts.<\/p>\n

Third, efficiency is essential. Unwieldy bodies that include everyone are worse than nimble, exclusive bodies that involve the key players. Who are the key players? It depends on the issue. The small island nation of the Maldives, sinking from rising sea levels, should not be included in questions about regulating climate change but must be included on negotiations about mitigating its impacts. If small groups of key countries with much at stake are involved, gridlock can be broken.<\/p>\n

Fourth, legitimacy is required for effective global governance. A system must be in place wherein countries may disagree with certain rules of the game, but accept the referees. Fifth, enforceability is paramount. None of these principles matter if they cannot be enforced. <\/p>\n

Global governance is the challenge of our time. Our arsenal of stale institutions cannot cope with existing threats to peace, stability, and prosperity. Whether we like it or not, we are all in this together. It\u2019s time we start acting like it.<\/p>\n<\/blockquote>\n

Read more at EUROPP \u2013 Divided Nations: Why global governance is failing, and what we can do about it<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ian Goldin, Professor of Globalization and Development at the University of Oxford, discusses the challenges of cross-border governance presented by globalization and presents 5 core principles necessary for a solution: ….Yesterday\u2019s structures are not equipped to deal with today\u2019s problems, but thankfully it is not too late. Aggressive action must be taken, and such action … <\/p>\n

Continue reading “EUROPP \u2013 Divided Nations: Why global governance is failing, and what we can do about it”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[1566,1576],"class_list":["post-10059","post","type-post","status-publish","format-standard","hentry","category-the-big-picture","tag-global-governance","tag-globalization"],"yoast_head":"\nEUROPP \u2013 Divided Nations: Why global governance is failing, and what we can do about it - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EUROPP \u2013 Divided Nations: Why global governance is failing, and what we can do about it - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Ian Goldin, Professor of Globalization and Development at the University of Oxford, discusses the challenges of cross-border governance presented by globalization and presents 5 core principles necessary for a solution: ….Yesterday\u2019s structures are not equipped to deal with today\u2019s problems, but thankfully it is not too late. 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So far, thanks to the exorbitant privilege of the US dollar and the good\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Adam Tooze","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/adam-tooze.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":5236,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/13\/which-country-has-the-best-government-spiegel-online\/","url_meta":{"origin":10059,"position":1},"title":"Which Country Has the Best Government? – SPIEGEL ONLINE","author":"Colin Twiggs","date":"August 13, 2012","format":false,"excerpt":"The Craft of Ruling: Which Country Has the Best Government? By Bernhard Zand American political scientist Charles Kupchans claims that there is a \"mismatch between the growing demand for good governance and its shrinking supply,\" putting Western powers under pressure. 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Globalization need not have taken the course it did. There was nothing inevitable about large U.S. trade deficits, which peaked at\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36146,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/08\/04\/inflation-here-to-stay\/","url_meta":{"origin":10059,"position":4},"title":"Inflation Here To Stay","author":"Colin Twiggs","date":"August 4, 2022","format":false,"excerpt":"Excellent interview with Louis-Vincent Gave, founder and CEO of Gavekal, on Wealthion. Here is a quick summary: Globalization and Inflation US weaponization of semiconductors against China signaled the end of globalization. Trump's \u201ctech war\u201d with China aimed to prevent its national champion Huawei from becoming the dominant supplier of 5G\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-03-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-03-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-03-u3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":14457,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/11\/11\/why-the-establishment-were-clean-bowled-by-trump\/","url_meta":{"origin":10059,"position":5},"title":"Why the establishment were clean-bowled by Trump","author":"ColinTwiggs","date":"November 11, 2016","format":false,"excerpt":"Forget private email servers and sex tapes. 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