Putting Global Governance in Its Place

Greater interdependence is often taken to require more global governance, but the logic requires scrutiny. Cross-border spillovers do not always call for international rules. The canonical cases for global governance are based on two sets of circumstances: global commons and “beggar-thy-neighbor” (B...

Full description

Bibliographic Details
Main Author:	Rodrik, Dani
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2021
Subjects:	GOVERNANCE GLOBAL GOVERNANCE INTERDEPENDENCE BEGGAR-THY-NEIGHBOR GLOBAL COMMONS
Online Access:	http://hdl.handle.net/10986/36091

id	okr-10986-36091
recordtype	oai_dc
spelling	okr-10986-360912021-08-11T05:10:37Z Putting Global Governance in Its Place Rodrik, Dani GOVERNANCE GLOBAL GOVERNANCE INTERDEPENDENCE BEGGAR-THY-NEIGHBOR GLOBAL COMMONS Greater interdependence is often taken to require more global governance, but the logic requires scrutiny. Cross-border spillovers do not always call for international rules. The canonical cases for global governance are based on two sets of circumstances: global commons and “beggar-thy-neighbor” (BTN) policies. The world economy is not a global commons (outside of climate change), and much of our current discussions deal with policies that are not true BTNs. Some of these are beggar-thyself policies; others may produce domestic benefits, addressing real market distortions or legitimate social objectives. The case for global governance in such policies, I will argue, is very weak, and possibly outweighed by the risk that global oversight or regulation would backfire. While these policy domains are certainly rife with failures, such failures arise not from weaknesses of global governance, but from failures of national governance and cannot be fixed through international agreements or multilateral cooperation. I advocate a mode of global governance that I call “democracy-enhancing global governance,” to be distinguished from “globalization-enhancing global governance.” 2021-08-10T14:47:43Z 2021-08-10T14:47:43Z 2020-02 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/36091 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research Publications & Research :: Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	GOVERNANCE GLOBAL GOVERNANCE INTERDEPENDENCE BEGGAR-THY-NEIGHBOR GLOBAL COMMONS
spellingShingle	GOVERNANCE GLOBAL GOVERNANCE INTERDEPENDENCE BEGGAR-THY-NEIGHBOR GLOBAL COMMONS Rodrik, Dani Putting Global Governance in Its Place
description	Greater interdependence is often taken to require more global governance, but the logic requires scrutiny. Cross-border spillovers do not always call for international rules. The canonical cases for global governance are based on two sets of circumstances: global commons and “beggar-thy-neighbor” (BTN) policies. The world economy is not a global commons (outside of climate change), and much of our current discussions deal with policies that are not true BTNs. Some of these are beggar-thyself policies; others may produce domestic benefits, addressing real market distortions or legitimate social objectives. The case for global governance in such policies, I will argue, is very weak, and possibly outweighed by the risk that global oversight or regulation would backfire. While these policy domains are certainly rife with failures, such failures arise not from weaknesses of global governance, but from failures of national governance and cannot be fixed through international agreements or multilateral cooperation. I advocate a mode of global governance that I call “democracy-enhancing global governance,” to be distinguished from “globalization-enhancing global governance.”
format	Journal Article
author	Rodrik, Dani
author_facet	Rodrik, Dani
author_sort	Rodrik, Dani
title	Putting Global Governance in Its Place
title_short	Putting Global Governance in Its Place
title_full	Putting Global Governance in Its Place
title_fullStr	Putting Global Governance in Its Place
title_full_unstemmed	Putting Global Governance in Its Place
title_sort	putting global governance in its place
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2021
url	http://hdl.handle.net/10986/36091
_version_	1764484408833736704

Putting Global Governance in Its Place

Similar Items