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global governance

n. supranational integration of national actors aimed at solving global problems that cannot be solved through national decision making alone.

Global governance

Global governance or world governance is a movement towards political integration of transnational actors aimed at negotiating responses to problems that affect more than one state or region. It tends to involve institutionalization. These institutions of global governance—the United Nations, the International Criminal Court, the World Bank, etc.—tend to have limited or demarcated power to enforce compliance. The modern question of world governance exists in the context of globalization and globalizing regimes of power: politically, economically and culturally. In response to the acceleration of interdependence on a worldwide scale, both between human societies and between humankind and the biosphere, the term "global governance" may also be used to name the process of designating laws, rules, or regulations intended for a global scale.

Global governance is not a singular system. There is no " world government" but the many different regimes of global governance do have commonalities:

Usage examples of "global governance".

In the financial marketplace, the trend towards some sort of global governance is best represented by the efforts of bank supervisors under the aegis of the Bank for International Settlements in Basel to impose common minimum capital requirements on banks .