Global governance and development by Jose Antonio Ocampo

By Jose Antonio Ocampo

This quantity examines the discussion round worldwide public items and improvement cooperation. It asks: how will foreign cooperation and improvement associations be replaced? How will we ensure that those worldwide projects and associations are innovating for the better?

summary: This quantity examines the discussion round international public items and improvement cooperation. It asks: how will overseas cooperation and improvement associations be replaced? How do we ensure that those international projects and associations are innovating for the higher?

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This generated a great paradox: the G-20 ended up eroding the governance principles of the institution that it has the most help to strengthen: the IMF. The Group’s mission creep is thus likely to further erode the institutional structures that the world has so painfully built up after WW2. The most important question relates to how to move forward. , Martin 2011) argue that it should just be a “steering committee,” particularly one that facilitates changes that generate a consensus among the most powerful countries.

This concept was coined in European debates but has a long history in the practice of federalism at the national level. This principle not only involves respect for the policy space of nations but also the use—indeed, the reinforcement—of national state capacities to implement international agreements, rather than the creation of organizations that replace national decision making and policy implementation. At the same time, the international system is a complex one, as it encompasses countries of very diverse sizes and levels of development.

This bias is reflected in the different degree of development of international organizations in at least three ways: the nature of decision-making processes (which also follow different models in different organization), inadequate financing, and the different degrees of autonomy given to different organizations, particularly in relation to most powerful countries, including the power and autonomy of the Secretariats5 of different international organizations. For example, the incomplete map of cooperation in the first domain is reflected in the fact that there are areas where cooperation is accepted and relatively well developed (contagious diseases, international trade, and transportation rules), others in which there are agreements but also significant gaps (climate change, global macroeconomic and financial stability), and some in which there are no or very limited cooperation (economic migration and tax cooperation, for example).

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