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Global Governance and Development$
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José Antonio Ocampo

Print publication date: 2016

Print ISBN-13: 9780198785941

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780198785941.001.0001

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Global Economic and Social Governance and the United Nations System

Global Economic and Social Governance and the United Nations System

Chapter:
(p.3) Chapter 1 Global Economic and Social Governance and the United Nations System
Source:
Global Governance and Development
Author(s):

José Antonio Ocampo

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198785941.003.0001

This chapter differentiates three basic objectives of international economic and social cooperation: managing interdependence among nations, promoting common social norms and standards, and reducing international inequalities. After analyzing the tension between globalization and the national domain of politics, it proposes six criteria to design a better global governance structure: strong subsidiarity principles; designing dense networks of global, regional, and national institutions; overcoming the tension between inclusiveness and effectiveness; equitable participation of developing countries in decision making; effective monitoring and accountability for international commitments; and coherence of the system. On the basis of these principles and criteria, it proposes an apex organization for the UN System (a Global Economic Coordination Council) and reforms of the UN Economic and Social Council (ECOSOC).

Keywords:   United Nations (UN), Inequality, Global Governance, Globalization, Economic and Social Development, Economic and Social Council (ECOSOC), United Nations Reform

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