global governance

the Gs

G20 1999 includes 2/3 of pop. and 4/5 of gdp rotating presidency annual meeting all states have = rep. strengths more prominent than g7/8, gave 500 bill 4 financial crisis weaknesses not all of g20 r top, lack of accountability, no formality behind closed doors

G7/8 informal bloc of industrialized democracies also eu, rep 50% of global wealth started coz of 73 oil crisis strengths talk abt concerns openly, similar systems so easy consensus, 2008 response weaknesses China and India growth so g7 gone from 70 50 to % of gdp, not deal well w poverty, g20 more important

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IMF est. 1947 aim stabilize exchange rates member states pay subscriptions policy made by members richer often means more say saps are capitalist conditions strengths effective post war, lending to Greece, adapt eg. x exchange rates, june 21 reallocate 100 bill to poorer countries, 2013 10 bill cyprus bail out loan condition to close countries 2nd biggest bank, 2014 8 bill 4 Ukraine, covid crrt debt relief to 25 members weaknesses dom. by US, too capitalist doesn't help inequality- deregulation thru SAPs is risky, conflict w state sov, stiglitz denounce fund 4 failed policies. greece 375 bill over 8 yrs austerity measures deepened contraction

poverty 11 percent of world on less 2 a day 75% of kids in extreme poverty are in sub Saharan Africa and Asia

WTO settle trade disputes prioritize speed over democracy aim to reduce tariffs strengths more democratic than other bretton woods orgs., tariffs decreased '47 40% 2000 3% weaknesses some think threaten state sov., us till protect agriculture, indifferent to workers rights, lacks accountability

TWB

after ww2 focus on developing world eg health and education eg. higher education in africa strengths redistributive role half extreme poverty by 15, adapt infastructure weaknesses us power, spas, not sustainable dvlpm , only 63 mill on dvlpmt eg, covid 12 bill to supply countries w vaccine, klien loans unfair conditions to boost wash. consensus, PEF money 4 pandemics only released after 12 weeks

theory

classic economic smith and ricardo, linked to liberal view, poverty measured comparing gdp, stimulated by smiths invisible hand of the market neo classic thatcher and regan, essentialy classic, SAPS measuee looks at stabilising economies x infaltion and opening ti market forces

dependency theory structural imbalance imposes dependency on poorer states, decolonization meant pol. ind. but not economic world systems system-capitalism-exploitation not 3rd world argue one interconnected work split into core periphery and semi periphery core being most advanced and peri. least structural south america poverty exacerbated by tncs and conditions on aid should reduce reliance on others, restrict trade policy protect external competition infant industry argument

un

icj judicial organ, yugoslavia x approve 488 deaths,2014 crimea china abstain russia veto, myanmar party deposed unsc x agree on joint statement as china was a myanmar ally, sryia 2118 unsc agree sryia must destroy chemical weapons russia veto 16 drafts, temple preah vihear 900 yr old hindu temple on border cambodia/thailand 2013 icj reaffirm belongs to cambodia

unsc 15 members 5 perm they have veto power strengths rep. realities of world pwr, can b v powerful, rep. idea of collective responsibility and upholding un charter weaknesses lots of clashes, too much power to powerful states, France and uk x powerful anymore, x permanent members from africa or asia vetos us 3 times 4 israel in last 10 yrs

who aims to increase coop in public health strengths important issues have a forum, huge tasks, eradicate small pox, sustainable dvlmpt. weaknesses not enough power, unclear role, too decentralized, underfunded, protected china in COVID 19 due to high funding, inadequate response to ebola

DGS and SDGS aims by un that sdg then replaces strengths global forum where every1 member, = rep of all states, 'jaw jaw is better than war war'' weaknesses works as talking shop but little power, = say to democracies and dictatorship, rep. interests of state not ppl

the economic and social council oversees un agencies 54 elected members important global forum

nato

formed in 1949 to provide security soviets, early role end of wwii rebuild marshal plan, the warsaw pact collective secuirty organisation, end of soviets q over role, embedding democracy and fighting nationalism strengths bound by freedom, deter russian aggression, changed w times, spends 70% of military very capable weaknesses q if states would actually help, differing interests, requires unanimity, over reliance on us so dominate, not all countries spend required 2% of gdp relation w russia 12 former eastern bloc countries joined us anti-ballistic missiles in former soviet bloc countries ukraine exacerbated conflict massively eg. missile in poland