| Summary/Abstract |
There is no government for the world. Yet, on any given day, innumerable commercial, professional, diplomatic and personal cross-border activities take place in reasonable expectation of safety and security for the people, groups, firms and governments involved. Disruptions and threats are rare-indeed, in many instances rarer in the international domain than inside some countries. Thus international transactions are typically characterized by order, stability and predictability. This immediately raises a puzzle: how is the world governed even in the absence of a world government in order to produce norms, codes of conduct and regulatory, surveillance and compliance instruments? The answer is global governance whose content embraces the totality of laws, norms, policies and institutions that define, constitute and mediate relations between citizens, societies, markets and states in the international system.
|