Global Governance: The Major Challenges

The backdrop of the study is globalisation. In the twenty-first century it has been galvanised by compression (in space and time) and blurring of borders through instant technological communication and swift transportation. This has unleashed a ‘new space’ which uncovers the diminishing power of states and increasing prowess of non-state actors to tackle historical, contemporary, and future challenges beyond the capacity of individual states. This article discusses the political economy of global governance driven by state and non-state forces.