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Global governance and global rules for development in the post-2015 era

image of Global governance and global rules for development in the post-2015 era
The present Note examines how global cooperation through its various institutions and rules could be reformed and strengthened to better manage the increasing interdependence among countries and reduce inequalities within and among countries, part of which originate from inadequate global governance. It further considers how international cooperation could be transformed to better serve the fulfilment of internationally recognised economic, social and environmental standards in the post 2015 era, while preserving sufficient policy space for governments to achieve their own national objectives. The Note also identifies main principles to guide this reform process. Finally, it suggests a greater role for the UN in setting up the reform agenda of global governance and rules as proposed here to facilitate the achievement of sustainable development world wide.

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Summary

Intergovernmental cooperation is at the centre of the global partnership for development. It has a vital role to play in the achievement of global development goals, in terms not only of the resources and technical assistance it can provide, but also in the areas of policy decision-making and norm-setting. Global governance encompasses the totality of institutions, policies, norms, procedures and initiatives through which States and their citizens try to bring more predictability, stability and order to their responses to transnational challenges. Effective global governance can only be achieved with effective international cooperation. Neither the existing proposals to strengthen global governance nor the global rules to support development are fully satisfactory; they have also not received sufficient attention by the intergovernmental processes addressing the development agenda for the post-2015 era. This Note presents comprehensive yet practical recommendations on how international cooperation, through its various institutions, arrangements and rules, could be reformed and strengthened to achieve and sustain development gains beyond post-2015.

English

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