Thursday, November 27, 2008

It’s time we do more than just look for an easy replacement for American hegemony

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Global Agenda - Who Will Run the World?

The new Obama administration will have only a few months to develop meaningful proposals that can win domestic support, and will be preoccupied with the aftermath of the current financial debacle and the Iraq war. Europe is pushing for ambitious targets but is having trouble with its own vested interests. Negotiation watchers term the current American-Chinese dance of mutual blame a suicide pact. In short, the process is a mess. This is hardly surprising. An inter-governmental system that falls apart under the challenges of trade negotiations and proliferation threats is unlikely to master the deep complexity and multitudinous vested interests that the issue of climate change entails. Traditional diplomacy will at best devise a face-saving but meaningless accord next year.

In many areas, frustration with inter-governmental intransigence and incompetence has sparked extraordinary innovation by non-governmental organizations, corporations, and ordinary people. Private organizations such as the Forest Stewardship Council and the Marine Stewardship Council provide and, increasingly, implement environmental standards where inter-governmental action has failed. Private actors from foundations to pharmaceutical corporations to NGOs are actively experimenting with alternative ways to tackle transnational health challenges. Often governments are part of these experiments – but they are not necessarily the drivers, and progress does not depend on signing treaties.

The big question today is whether all these alternative approaches can add up to more than a bit of desperate tinkering around the edges. Standard international-relations thinking does not even entertain the question, and those conventional ways of seeing the world have blinded us to looking at this crucial question. As a result, we do not yet know the answer. Data remain scarce. Barely a few public-private partnership have been examined to see what good they do. The mishmash of initiatives, actors, campaigns, and appeals create opportunities for major progress – and mass confusion.

If there is to be real progress toward more effective and efficient global governance that can address the unprecedented challenges posed by climate change and the rest of the global agenda, we must do much more than look for an easy replacement for American hegemony. We must figure out how to make sense of this enormous diversity of ways of saving the world.


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Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


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