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Emerging Powers and Emerging Trends in Global Governance

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  • Stephen, Matthew D.

Abstract

In the 1990s, liberal optimism permeated the study and practice of international politics. International institutions were strengthened and the discourse and practice of global governance consolidated as a new approach to world affairs. Today, new powers are emerging in this institutionalized order. New powers have changed the power relations that underpinned global governance and are also economically, politically, and culturally different from established powers. Against this backdrop, this article investigates the impacts emerging powers are having on global governance. It presents six major trends and outlines their implications for the new global governance currently taking shape. Because new powers are emerging in an already institutionalized order, the emerging global governance order is gradually growing out of the existing one. Emerging powers are rendering parts of global governance dysfunctional, layering onto it, complicating it, but not overthrowing it.

Suggested Citation

  • Stephen, Matthew D., 2017. "Emerging Powers and Emerging Trends in Global Governance," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 23(3), pages 483-502.
    • Handle: RePEc:zbw:espost:215866
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    Citations

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    Cited by:

    1. Moohyung Cho & Tim Büthe, 2021. "From rule‐taker to rule‐promoting regulatory state: South Korea in the nearly‐global competition regime," Regulation & Governance, John Wiley & Sons, vol. 15(3), pages 513-543, July.
    2. Hardy, Daniel C. L., 2023. "Welfare, Autonomy, and Relative GDP," Department of Economics Working Paper Series 330, WU Vienna University of Economics and Business.
    3. Alexander Thompson, 2020. "Emerging Powers and Differentiation in Global Climate Institutions," Global Policy, London School of Economics and Political Science, vol. 11(S3), pages 61-72, October.
    4. Stephen, Matthew D., 2016. "India and the BRICS: global bandwagoning and regional balancing," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 16(4), pages 595-602.
    5. Catherine Locatelli & Mehdi Abbas, 2022. "China-Russia energy interdependence and the hybridization of the governance of international hydrocarbon markets [L'interdépendance énergétique Chine-Russie et l'hybridation des institutions de gou," Post-Print hal-04297005, HAL.
    6. Athar ud din, 2023. "Emerging Powers and Small Island Developing States: Leadership or Co-Option?," India Quarterly: A Journal of International Affairs, , vol. 79(2), pages 244-263, June.
    7. Sandra Lavenex & Omar Serrano & Tim Büthe, 2021. "Power transitions and the rise of the regulatory state: Global market governance in flux," Regulation & Governance, John Wiley & Sons, vol. 15(3), pages 445-471, July.
    8. Jonas Tallberg & Soetkin Verhaegen, 2020. "The Legitimacy of International Institutions among Rising and Established Powers," Global Policy, London School of Economics and Political Science, vol. 11(S3), pages 115-126, October.
    9. Daniel C. L. Hardy, 2023. "Welfare, Autonomy, and Relative GDP," Department of Economics Working Papers wuwp330, Vienna University of Economics and Business, Department of Economics.
    10. Stephen, Matthew D. & Parízek, Michal, 2019. "New Powers and the Distribution of Preferences in Global Trade Governance: From Deadlock and Drift to Fragmentation," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(6), pages 735-758.

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