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The Financial Crisis - Global Governance Failure?


  • Laura AFRÃSINE

    () (Academia de Studii Economice, Bucuresti)


The asymmetries created by the non-conventional threats tend to lean the international security toward its human approach. Nevertheless, we now have to deal with the need for international cooperation and with finding complex solution to complex global issues. The international scene can be defined through its need for security and cooperation. This paper aims to analyze the international relations in three directions: the relationship between global governance and international security, the impact of the financial crisis on the world and the need for a new global governance architecture as a solution for stability and sustainability. Considering recent events, we need to find a new paradigm for global governance. The aim of this paper is to put forward the need for global governance reform through government networks. In addition, I consider a heterarchic vision of the new world order.

Suggested Citation

  • Laura AFRÃSINE, 2009. "The Financial Crisis - Global Governance Failure?," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 3, pages 161-179, May.
  • Handle: RePEc:aic:revebs:y:2009:i:3:afrasinel

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    global governance; financial crisis; international security;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism


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