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Regionalism and Global Governance: The Alternative between Power Politics and New Multilateralism

Author

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  • Mario Telò

    (Institut d’Etudes Européennes, Université Libre de Bruxelles; LUISS Guido Carli, Roma)

Abstract

Regional cooperation among neighboring states in the current world is not only about free trade. It is a consolidated multidimensional reality in every continent since decade as shown by a large comparative literature in various disciplines exploring similarities and diversities, endogenous drivers and exogenous factors. One of the main differences is between the democratic type defined “new regionalism” by the international epistemic community since the ’90s and the more recent authoritarian and hierarchical model of top-down regional cooperation. The article is addressing a crucial question: how does this complex reality interplay with multilateral global governance, notably in hard times of crisis and coming back of power politics? The article explores various forms of regional and interregional cooperation and concludes by drafting three scenarios: a) a transformation of regional organizations into spheres of influences of great powers; b) a multilayered global governance as the driver of a new more legitimate and efficient multilateralism; c) a mixed and weaker global governance, combining in a unstable and uncertain way, fragmentation, power politics, democratic multilateralism, functional cooperation.

Suggested Citation

  • Mario Telò, 2020. "Regionalism and Global Governance: The Alternative between Power Politics and New Multilateralism," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 54(2), pages 5-34, December.
    • Handle: RePEc:fle:journl:v:54:y:2020:i:2:p:5-34
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    References listed on IDEAS

    as
    1. Jagdish Bhagwati, 1992. "Regionalism versus Multilateralism," The World Economy, Wiley Blackwell, vol. 15(5), pages 535-556, September.
    2. Ian Manners, 2002. "Normative Power Europe: A Contradiction in Terms?," Journal of Common Market Studies, Wiley Blackwell, vol. 40(2), pages 235-258, June.
    3. Jean-Frédéric Morin & Tereza Novotna & Frederik Ponjaert & Brecht Deseure, 2015. "The Politics of Transatlantic Trade Negotiations: TTIP in a Globalized World," ULB Institutional Repository 2013/186309, ULB -- Universite Libre de Bruxelles.
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