Challenges of Global Governance

A. Damodaran

in Encircling the Seamless

Published in print August 2010 | ISBN: 9780198066750
Published online October 2012 | e-ISBN: 9780199080106 | DOI:
Challenges of Global Governance

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This chapter shows how British Prime Minister Tony Blair has altered his perception of globalization, from being in favour of maintaining enlightened governance in nation-states to promoting building capabilities to tackle global competitiveness. At the same time, international organizations such as the United Nations and the World Bank have shifted their focus from disputes between nations to human rights, norms of governance, and transnational issues. Policies that promote development of social capital generated by local communities play a key role here. ‘Social responsibility’ in the corporate world offers lessons that can benefit nation-states. States that embark on a genuine decentralization of governance are more capable of optimizing the benefits of a globalized economy. The experience of the information technology sector illustrates how one state can harness global opportunities without putting others at a disadvantage.

Keywords: Tony Blair; globalization; nation-states; United Nations; World Bank; human rights; local communities; social responsibility; decentralization; governance

Chapter.  7022 words. 

Subjects: Economic Development and Growth

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