EU as a Model for Global Governance Institutions
The world’s financial crisis made worth an effort to rethink the existing model of global economic governance. One of the striking things among the others – is the insufficient level of global financial regulation. Experts do not share a common view on the functioning of the system. Some of them consider the system of global governance was not ready to react to the new challenges and to sustain the pressure of critical events. Others will defend the system, admitting that only some slight changes into it would make possible to cope with the current problems. The truth, as very often, is probably somewhere in between. The necessity to modify the pattern of functioning of the global financial institutions is clear. The institutions themselves should be made more viable and efficient and their competences to manage different aspects of global economy should be substantially enlarged.
How useful could an EU experience be in achieving the new global governance goals?
The 2012 G8 summit, hosted by US president Barack Obama at the presidential retreat of Camp David in Maryland on 18-19 May, promises to be a particularly significant event. It takes place in the political lead-up to the US presidential election in November 2012, and is being held in tandem with a summit of the North Atlantic Treaty Organization (NATO) in Chicago on 20-21 May. The summit will feature a full-strength agenda, including a global economy struggling to generate growth and jobs, delivery of the Millennium Development Goals (MDGs) as the due date of 2015 moves closer, and security in troubled regions and countries where the G8’s core mission of promoting democracy and reform is acutely at stake. The G8 Camp David Summit publication features articles by German chancellor Angela Merkel and Canadian prime minister Stephen Harper on the key issues that will be under discussion.
An background publication produced for every G20 summit, with contributions from G20 leaders and international experts on the issues on the G20 agenda.
For the past 37 years, the annual G8 summits have generated a wide breadth of declarations and communiqués binding the leaders to hard commitments across a diverse range of global policy issues. The extent to which the G8 members comply with their annual commitments has, in recent years, become a hotly contested topic, pitting academics, politicians, policy wonks and newsmakers against each other in an effort to understand whether commitments by the G8 do, in fact, matter. Given this era of ongoing domestic political constraints and conflicting global demands, does the G8 have the ability and, indeed, the capacity not only to make, but also to keep the commitments its members collectively generate at their annual summits?
The study aimed to analyze the EU contribution towards defining the G8 priorities and values as well as implementation within the G8 the main global governance functions: domestic political governance, deliberation, direction setting, decision making, delivery and global governance development. A specialized data base was formed, comprised of documents of both institutions. The programme allowed to undertake a quantitative and qualitative analysis of the evidence base. The content analysis of the documents focused on priorities, values and commitments shared by the G8 and the EU and specific to each institution, on the basis of search, accounting and comparison of the number of documents, references and symbols and their distribution by priorities and functions in accordance with functional analysis methodology.
The article analyses the EU activity in assisting developing countries to develop energy sector throughperspective of the functional approach. The author identifies the EU approach by assessing EU compliance with the G8 commitments on assisting developing countries to develop energy sector. The assessment is made on the basis of the analysis of EU implementation of its commitments made in four major spheres of international engagement for energy development, such as ensuring developing countries’ access to modern energy sources, clean energy development, raw natural energy resources, sustainable management and environmental protection. In order to ensure comprehensive and unbiased assessment the author applies the methodology of global governance delivery function approach and compares EU compliance with compliance of other traditional donors such as USA and emerging donors such as Russia. In conclusion some recommendations on how to raise effectiveness in assisting developing countries to develop energy sector are made for the Russian Federation.
The role of the EU as a model for global institutions
One of the popular answers to the challenges of the modern world is the concept of global governance. Does it exist really/ This is the questyion J/ Kirton answers in his book.