Global Governance and Human Development: Promoting Democratic Accountability and Institutional Experimentation
AbstractThis paper seeks to critically examine recent debates on global governance, albeit from a human development perspective. In doing so it identifies and describes two important principles for building institutions for the advancing of human development: what may be termed the imperative of democratic accountability (most closely associated with the work of Amartya Sen) and the imperative of institutional experimentation (which has been theorized most extensively by Roberto Unger). The paper discusses these two principles in light of some of the major challenges that can and do affect the international community as a whole. It reviews some of the decentralized forms of governance which are evolving as developing countries assert themselves in debates on institutional organization. It then focuses more extensively on the global financial crisis as a case study in the inadequacies of current global governance. Finally, it uses the two imperatives mentioned to review the lessons that the crisis has provided, before describing specific proposals to redesign systems of global economic governance. Chief among these are the reforms advocated by the Commission of Experts of the President of the United Nations General Assembly on Reforms of the International Monetary and Financial System.
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Bibliographic InfoPaper provided by Human Development Report Office (HDRO), United Nations Development Programme (UNDP) in its series Human Development Research Papers (2009 to present) with number HDRP-2010-06.
Length: 37 pages
Date of creation: Jun 2010
Date of revision:
Publication status: Published as background research for the 2010 Human Development Report.
Human Development; Economic Development; Inequality; Human Rights; Capabilities; Health; Governance;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-26 (All new papers)
- NEP-DEV-2010-06-26 (Development)
- NEP-HAP-2010-06-26 (Economics of Happiness)
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- Boris CHISTRUGA & Rodica CRUDU, 2011. "Economic Disparity and Global Governance Failures – the Most Important Risks in the Coming Decade," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 18-25.
- David Mayer-Foulkes, 2011. "A Causal Panorama of Cross-Country Human Development," DEGIT Conference Papers c016_049, DEGIT, Dynamics, Economic Growth, and International Trade.
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