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Mechanisms of Global Governance: Economic Analysis

https://doi.org/10.32609/0042-8736-2013-7-4-28

Abstract

The coordination of economic activity at the global level is carried out through different mechanisms, which regulate activities of companies, states, international organizations. In spite of wide diversity of entrenched mechanisms of governance in different areas, they can be classified on the basis of key characteristics, including distribution of property rights, mechanisms of governance (in the narrow sense according to O. Williamson), mechanisms of expansion. This approach can contribute not only to classifying existing institutions but also to designing new ones. The modern aggravation of global problems may require rethinking mechanisms of global governance. The authors offer the universal framework for considering this problem and its possible solutions.

About the Authors

L. Grigoryev
National Research University Higher School of Economics (Moscow, Russia); WWF-Russia, Chairman of the Board (Moscow, Russia)
Russian Federation


A. Kurdin
National Research University Higher School of Economics (Moscow, Russia)
Russian Federation


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Review

For citations:


Grigoryev L., Kurdin A. Mechanisms of Global Governance: Economic Analysis. Voprosy Ekonomiki. 2013;(7):4-28. (In Russ.) https://doi.org/10.32609/0042-8736-2013-7-4-28

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ISSN 0042-8736 (Print)