Download Global governance by Timothy J Sinclair PDF

By Timothy J Sinclair

ISBN-10: 0745635296

ISBN-13: 9780745635293

ISBN-10: 074563530X

ISBN-13: 9780745635309

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Barnett and Duvall’s (2005: 46) ‘productive power’ is a more diffuse view of structural power, which acknowledges the effect of power in actually shaping the identities of the parties involved, disciplining them, making them into what they become. If power is not always explicit or obvious, this is even more the case with authority. For many people, authority refers simply to the law. A police officer has the authority of the law and may use coercion to enforce it. But as we have seen, in the world of global governance, clear legal authority for action is often lacking.

This change undermines inherited assumptions about what actually comprise the core features of global governance. One of the major features of this movement toward a globalized planet has been the rise of doctrines that advocate a more liberalized world, in which markets and market institutions have greater freedom of action and more influence over the lives of communities. These views were very popular during the gold-standard era that preceded the First World War and became popular again as the mixed economy created after the Second World War ran into inflation and low productivity growth starting in the late 1960s.

However, as global social movements are self-appointed, substantial questions about their democratic legitimacy inevitably arise (Scholte 2011). Often excluded from discussions of global governance, major international business corporations may also be considered key institutions of global governance in three ways. First, multinational corporations are highly consequential for everyday life in developed and developing countries; second, they are continuously involved in lobbying government for better regulation and government oversight of markets domestically and internationally; and last, because regulation, or self-regulation, is often undertaken by market agents themselves, business is increasingly governing many fields.

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Global governance by Timothy J Sinclair


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