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[Sungjoon Cho and Claire R. Kelly]Promises and Perils of New Global Governance:A Case of the G20
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论文题目 Promises and Perils of New Global Governance:A Case of the G20

作者         Sungjoon Cho and Claire R. Kelly

作者单位 Chicago-Kent College of Law;Brooklyn Law School

刊物名称 Chicago Journal of Internaional Law

刊物期别 Vol. 12 No. 2

所属领域 国经基础理论

内容简介    

In the wake of the 2008 financial crisis, a new global governance structure emerged.During and subsequent to the crisis, the G20 emerged as a coordinating executive among international g overnance institutions. It set poliy agendas and prioriti.Zedi nitiatives. Working through the Financial Stability Board, the G20 coordinated with other governance institutions and networks to set standards, monitor enforcement and compliance, and aid recovery. Its partners included the International Monetary Fund, the Basel Committee on Banking Supervision, the Organisationf or Economic Cooperation and Development, the World Trade OrganiZation, the International Association of Insurance Supervisors and the International OrganiZation of Securities Commissions. Its authority cuts across regimes and creates collaborative linkages between economic law and social issues such as food security and the environment. Its leadership role, born out of exigeng, now continues to evolve as part of the new international order of economic laws.


The G20's coordination of institutions and networks exemplies a new form of global governance. Network coordination offers an opportunity to confront complex problems with a needed comprehensive approach. The institutions and networks engage in an ongoing .dialectical process that propels standard setters toward convergence on a number offronts. The actors in this process employ a vatiety of tools to forge consensus and the G20 leverages this consensuscreating process to achieve its goals. Unpacking these tools can hep scholars tackle intricate questions that arise from the G20's coordination role. In paricular, we focus on concerns regarding the effectiveness and legitimay of the G20's coordination of mulfiple networks and institutions.


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