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Role Change of Developed Countries and Emerging Economic Entities in Global Governance

Author

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  • Chaofan Chen
  • Yun Wang

Abstract

With rapid development of globalization, numerous global problems appear, and global governance thus emerges. For a long time, the elite club G8 Group which consists of developed countries monopolizes and leads global governance, while vast developing countries are at the edge of global governance stage. However, due to increasingly complex and severe global problems, defects of G8 mechanism, low execution efficiency and legality problem, governance ability of G8 declines continuously. As emerging economic entities rise, G20 gradually replaces G8 and becomes a main mode of global governance. The role that emerging economic entities play stands out increasingly. In addition, participation in global governance by emerging economic entities intensively reflects interests and appeals of developing countries. In the future, emerging economic entities will become important force in politic and economic fields in the world.

Suggested Citation

  • Chaofan Chen & Yun Wang, 2015. "Role Change of Developed Countries and Emerging Economic Entities in Global Governance," International Journal of Social Science Studies, Redfame publishing, vol. 3(6), pages 114-120, November.
    • Handle: RePEc:rfa:journl:v:3:y:2015:i:5:p:114-120
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    Cited by:

    1. Jiayu Bai & Xiaoyu Li, 2021. "IMO’s Marine Environmental Regulatory Governance and China’s Role: An Empirical Study of China’s Submissions," Sustainability, MDPI, vol. 13(18), pages 1-26, September.

    More about this item

    Keywords

    global governance; G8; emerging economic entities; role change;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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