Global Governance and the Emergence of Global Institutions for the 21st Century

Augusto Lopez-Claros is Senior Fellow in the School of Foreign Service at Georgetown University, Washington DC, former Director of the Global Indicators Group at the World Bank, and Chief Economist and Director of the Global Competitiveness Program at the World Economic Forum. He is the author of Equality for Women = Prosperity for All (2018). Arthur L. Dahl is President of the International Environment Forum and a retired senior official of UN Environment. He is the author of The Eco Principle: Ecology and Economics in Symbiosis (1996) and Unless and Until: A Baha'i Focus on the Environment (1990). Maja Groff is an international lawyer based in The Hague, assisting in the development and servicing of multilateral treaties for over a decade. She has drafted international legal policy documents and published academically on private and public international law, human rights and global governance, also teaching at The Hague Academy of International Law.

• Part I. Background: 1. The challenges of the twenty-first century; 2. A history of global governance; 3. European integration: building supranational institutions; Part II. Reforming the Central Institutions of the United Nations: 4. The general assembly: reforms to strengthen its effectiveness; 5. A world parliamentary assembly: a catalyst for change; 6. Advisory mechanisms to support global policy-making; 7. UN Executive Council: beyond an outdated paradigm; 8. Completing the collective security mechanism of the Charter: establishing an international peace force; 9. Towards systemic disarmament: resetting global priorities; 10. Strengthening the international rule of law; 11. Human rights for the twenty-first century; 12. A new UN funding mechanism; Part III. Governance and the Management of Multiple Global Risks: 13. UN specialized agencies and governance for global risks; 14. Economic governance for inequality and the private sector; 15. Global financial architecture and the international monetary fund; 16. Responding to global environmental crises; 17. Population and migration; Part IV. Cross-cutting Issues: 18. Corruption as a destroyer of prosperity and the need for international enforcement; 19. Education for transformation; Part V. Foundations for a New Global Governance System: 20. Values and principles for an enhanced international system: operationalizing global 'good governance'; 21. Some immediate steps forward: getting 'from here to there'; Part VI. Conclusions: 22. Bridging the governance gap.

'In this outstanding volume, Lopez-Claros, Dahl, and Groff document the existential challenges facing our global institutions, from environmental decline and the failure of existing international security mechanisms to mass population flows and the crisis of sovereignty and civil society engagement. The resulting landscape might seem hopeless and overwhelming, if not for the authors' innovative, wide-ranging, and thought-provoking recommendations for reshaping existing institutions to expand their relevance and effectiveness. Their ideas for updating our six-decades-old structures include creating an international peace force, ratifying a United Nations Bill of Rights, reforming the UN Security Council and International Monetary Fund, establishing a civil society chamber, and beyond. Readers may not endorse every one of their suggestions, but they are invited into a fascinating game of 'what if?' and 'why not?' It is an invitation that should not be missed.' Ambassador Donald Steinberg, Board member, Center for Strategic and International Studies