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Global governance and the politics of crisis

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Broome, André, Clegg, Liam and Rethel, Lena (2012) Global governance and the politics of crisis. Global Society, Vol.26 (No.1). pp. 3-17. doi:10.1080/13600826.2011.629992 ISSN 1360-0826.

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Official URL: http://dx.doi.org/10.1080/13600826.2011.629992

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Abstract

The notion of global governance has always been intimately linked to that of crisis. In recent crisis episodes the architecture of global governance has been held responsible for weak or ineffective regulatory mechanisms that failed to either prevent systemic crises or to at least give an “early warning” of impending disasters, while in other episodes global governance institutions have been blamed for poor crisis responses and management. Global governance institutions have also been blamed for failing to expand the scope of their jurisdictions to incorporate new systemic risks and new market players, as well as for their inability to adapt to new political, economic, social and environmental challenges. The framing article for this special issue on “Global Governance in Crisis” examines four key features of global governance in the context of the global financial crisis: (1) the dynamic role played by ideas in making global governance “hang together” during periods of crisis; (2) how crisis serves as a driver of change in global governance (and why it sometimes does not); (3) how ubiquitous the global financial crisis was as an event in world politics; and (4) the conditions that constitute an event as a crisis. Due to the complexity and institutional “stickiness” of the contemporary architecture of global governance, the article concludes that a far-reaching overhaul and structural reforms in global governance processes is both costly and improbable in the short-term.

Item Type: Journal Article
Subjects: J Political Science > JC Political theory
J Political Science > JX International law
J Political Science > JZ International relations
Divisions: Faculty of Social Sciences > Politics and International Studies
Journal or Publication Title: Global Society
Publisher: Routledge
ISSN: 1360-0826
Official Date: 2012
Dates:
DateEvent
2012Published
Volume: Vol.26
Number: No.1
Number of Pages: 15
Page Range: pp. 3-17
DOI: 10.1080/13600826.2011.629992
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access
Description:

Introduction to Special Journal Issue on Global Governance in Crisis edited by the authors.

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