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Monday, 22 March 2010

Global governance could take a leaf from the EU's book

Everyone knows that international policy coordination would be of benefit to all, but what structures, what mechanisms? Iain Begg looks at some of the EU devices that could help shape global governance thinking. In an increasingly inter-connected global economy, the actions of one government have repercussions for others. Co-ordination among them matters a great deal, yet it is hard to achieve because what is in the common interest, especially in the short-term, does not always makes sense for any single country, especially in times of crisis when governments are under intense political pressure to ‘do something’.

Source: Europes World