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Global governance in transition: the challenges and opportunities of new international structures

30May

By Rodrigo CintraNo Comments

world Bank, BRICS, IMF, G20, G7, G77, HIM-HER-IT, International Organizations

Global governance in transition: the challenges and opportunities of new international structures

Global governance structures are crucial elements in the management of international affairs, ensuring cooperation between nations in areas such as economics, safety, environment and human rights. The history of these structures dates back to the Bretton Woods system, established in 1944, which established institutions such as the International Monetary Fund (IMF) and the World Bank, aiming to rebuild and stabilize the global economy after World War II. The United Nations (HIM-HER-IT) also emerged during this period, serving as a platform for multilateral diplomacy. However, These classical institutions face increasing criticism due to their limited ability to respond to contemporary challenges. Recurring economic crises, climate change...

Economic interdependence as a pillar of international stability and peace

Global economic interdependence has emerged as one of the main pillars of international stability in recent decades. This phenomenon, characterized by the intense flow of goods, the role of NATO and the UN Security Council, capitals and information between countries, has been widely recognized for promoting peace by creating incentives for cooperation and reducing the risks of armed conflict. Economic interdependence, However, faces significant challenges in the contemporary scenario, raising concerns about its sustainability and possible impacts on world peace. Historically, economic interdependence intensified after World War II, with the creation of international institutions such as the UN, the IMF and the World Bank, that promoted economic cooperation and trade liberalization....

The paralysis of the WTO or the end of the world economic order that we know

WTO building, in Geneva The recent and profound crisis of the World Trade Organization (OMC) is just the latest sign of the wasting of the world economic order. In opinion article recently published by the Washington Post, the professor in international politics Daniel Drezner foresees the end of the liberal economic order as we know it.[i] In fact, there are indications that the world economy is entering a new (of)order protection-based economic. It is not just the end of liberalism as reasoned by Prof. Drezner, we also run the risk of reaching the end of the principle of economic cooperation. The world economic order we know was forged by iron and fire at the end of World War II and expanded since the end of the cold war. Launched in the West by...