I. J. of Business & Management Research
Research Article
Global Peace Governance Justice and Sustainable Development of Economies
Author(s) : Unmana Sarangi*
Publisher : FOREX Publication
Published : 30 September 2018
e-ISSN :2347-4696
Page(s) : 91-136
Abstract
The research paper entitled “Global Peace, Governance, Justice and Sustainable Development of Economies” focuses on detailing the aspects of global peace, governance issues and analyzes the global economic systems and the various international organizations that work in coordination with the other national and international organizations, civil societies, NGOs to attain peace, justice and effective global governance, to achieve SDGs and sustainable development slated by UN by the turn of 2030. It also studies the various issues pertaining to developing new economic partnerships for SDGs and the role of private multilateral international institutions in effective implementation of the SDGs of UN through a proper and effective coordination and working in synergy with these institutions with UN on the one hand and the other related national and international institutions such as other private multilateral institutions, NGOs, civil societies, world class academic institutions on the other to attain peace, governance, justice and SDGs. The aspect-wise review of literature i.e. global peace, governance, justice and SDGs has been reflected in brief studied by various authors. The functions of the various international organizations such as IMF, World Bank and WTO etc., in providing financial assistance and in developing rules and frameworks to achieve these objectives have also been studied. The role and functions of United Nations with regards to promotion of new global partnerships, peace, and governance including the role of private international organizations and multiregional trade complexes have also been highlighted. It is observed that the purpose of these international institutions which were created, were primarily to provide financing to the developing organizations including framing of rules and procedures for effective and harmonious global economic development. However, the tilt is towards giving more attention to developed economies and the focus on developing economies has been minimal. This has jeopardized the growth and development of these developing economies and reduced their participation and stakeholdership in the global forum/international community to attain effective and proper global economic development. This has posed a serious challenge to attain global peace, effective global governance and in turn promotion of SDGs. Hence, it would be appropriate and in the fitness of things to confer adequate and proper autonomy to these national institutions of importance working in various developing economies/countries to carve a niche for themselves to participate in adequate representations to make the international/global agenda as slated by UN, effective and successful. This in turn would definitely go a long way in attaining global peace, governance and justice and in achieving the SDGs by turn of 2030 as adopted by United Nations.
Keywords: Global Peace, Governance, Justice, UN Agenda, SDGs, Private Multilateral Institutions, Multiregional trade complexes
Unmana Sarangi*, Indian Economic Service (IES), Ministry of Information and Broadcasting, New Delhi; Email: usarangi68@gmail.com
[1] Martin, Lisa L., and Beth A. Simmons. “International Organizations and Institutions.” In The Oxford Handbook of International Relations, edited by Christian Reus-Smit and Duncal Snidal, 192-211. Oxford: Oxford University Press, 2010.
[2] Robert O. Keohane (2005), “The Contingent Legitimacy of UN- Based Multilateralism”, prepared for a conference on “Legitimacy and Power in the Post-9/11 World” at the University of Southern California, Stanford Center for Advanced Study in Behavioral Sciences paper dated April 5, 2005.
[3] Ostrom, Elinor. “A Diagnostic Approach for Going Beyond Panaceas.”Proceedings of the National Academy of Sciences 104, no. 39 (2007): 15181–87.
[4] Buchanan, Allen. 2000. Rawls’s law of peoples: Rules for a vanished Westphalian world. Ethics 110 (4): 697–721.
[5] Fantu Cheru and Colin I. Bradford (2005), “ The Planet at Risk: Mobising Resources for Global Human Security”, in Helsinki Process Secretariat (2005), Helsinki Process Papers on Global Economic Agenda, Helsinki: Foreign Minstrys Publications, pp. 9-61.
[6] Moravcsik, Andrew. “The New Liberalism.” in The Oxford Handbook of International Relations. In The Oxford Handbook of International Relations, edited by Christian Reus-Smit and Duncal Snidal, 234-254. Oxford: Oxford University Press, 2010.
[7] Bradford, Anu, and Eric Posner. “Universal Exceptionalism in International Law.” Harvard International Law Journal 52 (2011): 3-54.
[8] Hurd, Ian. “Constructivism.” In The Oxford Handbook of International Relations, edited by Christian Reus-Smit and Duncal Snidal, 298-316. Oxford: Oxford University Press, 2010.
[9] Pogge, Thomans, and Sanjay Reddy. 2005. How not to count the poor. Forthcoming in Measuring global poverty, Sudhir Anand and Joseph Stiglitz, eds. Oxford: Oxford University Press.
[10] WEF, 2014. Matching Skills and Labor Market Needs. Building Social Partnerships for Better Skills and Better Jobs, Global Agenda Council on Employment. World Economic Forum, Davos-Klosters, Switzerland 22-25 January.
[11] International Peace Institute, SDG Fund and Concordia, September 2017, Vienna, Austria; A New Way of Doing Business: Partnering for Peace and Sustainable Development.
[12] Grant, Ruth W., and Robert O. Keohane. 2005. Accountability and abuses of power in world politics. American Political Science Review 99 (1): 29–43. The Role of International Organizations in the Global Economic Governance, Sterian Maria Gabriela, Romania Economic and Business Review, Special Issue, 2013.
[13] Martin Albrow (1997), The Global Age: State and Society Beyond Modernity, Stanford: Stanford University Press.
[14] Martin Albrow (1999), Sociology: The Basics, London: Routledge, especially chapter 5, “Society in the Future”, pp. 141-169.
[15] Colin I. Bradford, Jr. and Johannes F. Linn (2004), “Global Economic Governance at a Crossroads: Replacing the G-7 with the G-20”, Washington: The Brookings Institution, Policy Brief No.131, April 2004.
[16] David Brooks (2005), “Loudly, With a Big Stick”, New York Times, April 14, 2005.
[17] Andrew F. Cooper (2004), Tests of Global Governance: Canadian Diplomacy and United Nations World Conferences, Tokyo: United Nations University Press.
[18] DAC, Development Assistance Committee(1996), Shaping the 21st Century: The Contribution of Development Cooperation, Paris, OECD, May 1996.
[19] Kemal Dervis (2005), A Better Globalization: Legitimacy, Governance and Reform, Washington: Center for Global Development.
[20] John English, Ramesh Thakur, and Andrew F. Cooper (2005), A Leaders 20 Summit: Why, How, Who and When?, Waterloo: Centre for International Governance Innovation.
[21] Helsinki Process on Globalisation and Democracy (2005, “Mobilising Resources for the Millennium Development Goals”, Report of the Track on the “Global Economic Agenda”, Helsinki: Finnish Ministry for Foreign Affairs.
[22] Peter B. Kenen, Jeffrey R. Shafer, Nigel L. Wicks, and Charles Wyplosz (2004), International Economic and Financial Cooperation: New Issues, New Actors, New Responses, Geneva: International Center for Monetary and Banking Studies (ICMB) and Centre for Economic Policy Research (CEPR).
Unmana Sarangi (2018), Global Peace Governance Justice and Sustainable Development of Economies . IJBMR 6(3), 91-136. DOI: 10.37391/IJBMR.060303.