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About the Book Transcending national borders, the gravest challenges of our time – such as climate change, unprecedented inequality and the spectre of nuclear conflict – require global solutions. However, the present system of global governance is ill-equipped to deal with these problems and is instead buckling under the weight of its own tensions and contradictions. In place of the current order, which was shaped by and for the interests of the developed world, a new global governance architecture must be constructed that advances distributive justice and equity among nations. Such an arrangement has to redress power imbalances in international institutions as well as promote policies oriented towards economic, social and environmental progress. LIM MAH HUI has been a university professor and banker, in the private sector and with the Asian Development Bank. He is Chair of the Board of the Third World Network. Contents Introduction History and evolution of global governance United Nations system Bretton Woods system Liberalization for whom? Who benefits more? Post-Bretton Woods neoliberalism and the Washington Consensus Globalization and its discontents Rise of China – disrupter of US unilateralism Emergence of multipolarity New global challenges and envisioning alternative global governance Reconstruction of current global institutions New policies New actors Global rules to curb growing inequality Strengthen South-South cooperation Conclusion Selected references
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