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Towards the Privatization of Global Governance?

Author

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  • Oscar Ugarteche

    (Instituto de Investigaciones Económicas)

Abstract

The article analyzes the trend towards the privatization of global governance resulting from the crisis of multilateralism and the shift from the multilateral international system, based on nation States, to a global private market-based system with global private sector actors. The underlying question throughout it is if global public goods can be regulated by private global institutions. The tensions arising from this are expressed as the weakness of the multilateral system created with the Pax Americana after WWII.

Suggested Citation

  • Oscar Ugarteche, 2016. "Towards the Privatization of Global Governance?," Development, Palgrave Macmillan;Society for International Deveopment, vol. 59(1), pages 14-20, June.
    • Handle: RePEc:pal:develp:v:59:y:2016:i:1:d:10.1057_s41301-017-0077-x
    DOI: 10.1057/s41301-017-0077-x
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    References listed on IDEAS

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    1. Lloyd , Peter, 2013. "Multilateralism is in Crisis," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 8(2), pages 67-102, April.
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    4. Ruggie, John Gerard, 1992. "Multilateralism: the anatomy of an institution," International Organization, Cambridge University Press, vol. 46(3), pages 561-598, July.
    5. Ruggie, John Gerard, 2004. "American Exceptionalism, Exemptionalism and Global Governance," Working Paper Series rwp04-006, Harvard University, John F. Kennedy School of Government.
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