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January 2005
Wrapping up in this fourth session, participants will question the supposed existence of a "Global Governance," more specifically focusing on confirming/invalidating the practicality of living under such rule.
International Organizations, Multinational Corporations, national governments, and foreign currencies are amongst the driving forces that control today's world socio-economic and political playground. Furthermore, this system of multi-centric governance promises the creation of a stable and balanced economic and political standing for all the actors of globalization. It leads us to wonder whether governance is more efficient at nation-state level, world-centered, or multi-centric level.
International Organizations help pursue the implementation of international laws, but to what extent their power has an effect on society is a matter of how each controlling sectors (national governments, businesses, etc) is willing to share its control and influence over the others. Moreover, if the economic paradigm of globalization holds true - that globalization leads to universal benefit and democracy - then global governance should focus on providing effective guidance to stabilize democracy to nations-in-need.
For this concluding session, participants explored the potential for global governance, the possibilities for greater international cooperation, and the limitations that globalization may impose upon national sovereignty.
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