By Volker Rittberger, Martin Nettesheim
This quantity analyzes altering styles of authority within the international political economic climate with an in-depth examine the recent roles performed by means of nation and non-state actors, and addresses key issues together with the availability of worldwide public items, new modes of rules and the possibility of new associations for international governance.
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Additional info for Authority in the Global Political Economy (International Political Economy)
Leading up to the Fund’s creation an exhaustive negotiation process took place concerning the most appropriate governance and management structure. The result was a governing body, in which states, IGOs, CSOs and private donors have membership rights. 20 The influence that it has gained through its selection of programmes that are eligible for funding has given the Fund considerable leverage to steer the direction of the fight against these diseases globally. Most significantly, the requirement that ‘Country Coordinating Mechanisms’ be established in order to receive funds has both encouraged cooperation between governments and other organizations when it comes to implementing programmes and caused controversy due to the difficulty of creating effective systems of state–private sector coordination mechanisms in some countries (Global Fund to Fight Aids Tuberculosis and Malaria 2003).
Having shown that there are novel institutions of global governance, in the following we want to provide additional arguments to demonstrate that these inclusive institutions are not isolated cases or exceptions but rather may be seen as part of a trend which, although still being in its infancy, can be traced back over a longer period of time. The trend towards more inclusive global institutions is, firstly and primarily, reflected in the rise of the sheer number of organizations, public–private partnerships, global public-policy networks and programmes in all issue-areas of public policy that meet the requirement of multi-actor membership and shared decision-making rights.
There are various strategies available for acquiring additional resources and coordinating the (inter-)dependence between various actors, such as negotiations, treaties, co-optation, etc. 26 To effectively address transsovereign problems an institution for global governance has to be equipped with the necessary regulatory, material, organizational and epistemic resources. A single type of actor does not possess all of these resources, therefore public and private sector actors have to cooperate.