Ojaank IAS Academy

OJAANK IAS ACADEMY

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OJAANK IAS ACADEMY

Interrelationship between India and Global Governance

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As a rapidly growing economic power, India’s role in global governance has come under considerable scrutiny. In this article we will trace the evolution of India’s engagement with global governance. Simultaneously we will evaluate the complexities of India’s approach to the structural, institutional and regulatory challenges facing the current global order as well as India’s approach to the challenges, constraints and opportunities to shape our regional order. Let us look at India’s past, present and potential future contribution to global governance and order.
Circumstances after 1947
If we consider the end of the Cold War to be the beginning of globalization, it is primarily due to the increased participation of non-state actors in global affairs, radically shifting power relations, accelerating the integration of national economies, and the convergence of policies. represents.
It has to be reshaped and reformed to allow globalization to realize its true potential. This requires a review of interests and ideology, a need for strong international public institutions that focus on issues of collective action, transparency in decision-making, and finally general reform.
However, the most fundamental and important change that is required, which will enable globalization as a force for good, is a change in governance. In these campuses we will be developing our understanding of global governance, and what India has to offer to fulfill the larger goal of a united world.
What is Global Governance?
Global governance is a means to manage issues that cross national boundaries to create a fair and just world. It comprises a complex of institutions, policies, norms, procedures and initiatives to coordinate collective action on a global scale and address international challenges.
Global governance includes activities that transcend national boundaries at international, international and regional levels and are based on rights and rules that are enforced through a combination of economic and moral incentives.
The goal of global governance, broadly defined, is to provide unified standards for global public goods, particularly peace and security, justice and arbitration systems for conflict, working markets, and trade and industry. An important global public good is catastrophic risk management. Climate change, weapons of mass destruction, ecological collapse, pandemics, solar geoengineering and artificial intelligence are some examples of global catastrophic risks.

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