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CSR-Global Governance

CSR-Global Governance

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This is a small work on CSR and Global governance issues prepared by a group of mighty students from NMIMS, Mumbai.
This is a small work on CSR and Global governance issues prepared by a group of mighty students from NMIMS, Mumbai.

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Categories:Types, School Work
Published by: Nilesh Chandra Sinha on Mar 21, 2009
Copyright:Attribution Non-commercial


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Corporate Social Responsibility
Submitted by
Rakshak Lodha (338) Nilesh Chandra Sinha (359)Ankur Ahuja (303)Abhishek Kumar (332)Jaybind Jha (328)Gaurav Kumar (334)Vivian Asthana (380)
Need for Global Governance and Institutions
Corporate Social Responsibility
Introduction – Global GovernanceGlobal TradeWorld Health IssuesWorld SecurityWorld Financial MarketsEnvironmental IssuesConclusion
Need for Global Governance and Institutions
Corporate Social Responsibility
Traditional way of thinking aboutgovernancehas been associated with "governing", or with political authority, institutions, and ultimately control. Governance in this particular sensedenotes formal political institutions that aim to coordinate and control interdependent socialrelations and that have the ability to enforce decisions. However, authors likeJames Rosenau have also used "governance" to denote the regulation of interdependent relations in theabsence of overarching political authority, such as in the international system. Some nowspeak of the development of 'global public policy'."Global governance" is not a normative term denoting good or bad practice. It is a descriptiveterm, referring to concrete cooperative problem-solving arrangements. They may be formal,taking the shape of laws or formally constituted institutions to manage collective affairs by avariety of actors such as state authorities,intergovernmental organizations,non-governmental  organizations(NGOs), private sector entities, other civil societyactors, and individuals. But these may also be informal as in the case of practices or guidelines or temporary units as inthe case of coalitions.
DefinitionsGlobal governance
is the political interaction of transnational actors aimed at solving problems that affect more than one state or region when there is no power of enforcingcompliance.
Mr. Adil Najam, a scholar of global governance atBoston Universityand now at theFletcher School  of Law and Diplomacy
has defined global governance simply as "the management of global processes in the absence of global government.In the words of Mr.Thomas G. Weiss, director of theRalph Bunche Institute for International Studies  at the Graduate Center (CUNY) and editor (2000-5) of the journal
Global Governance: A Review of Multilateralism and International Organizations
; "global governance" is "collective efforts to identify,understand, or address worldwide problems that go beyond the capacity of individual states to solve."
Gathering from what all these learned person have said, global governance may be defined as"the complex of formal and informal institutions, mechanisms, relationships, and processes between and among states, markets, citizens and organizations, both inter- and non-governmental, through which collective interests on the global plane are articulated, rightsand obligations are established, and differences are mediated.”Global governance acts on various fronts in order to bring order and peace in the world and tofight the global issues effectively and on a lasting basis. It provides strategic direction andthen marshals collective energies to address global challenges. To be effective, it must beinclusive, dynamic and should operate through soft power rather than hard power. We can broadly categorize focus areas of global governance into Trade, Health, Security, Finance andenvironment related issues and challenges.
Need for Global Governance and Institutions

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