Global governance
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Global governance (or world governance) comprises institutions that coordinate the behavior of transnational actors, facilitate cooperation, resolve disputes, and alleviate collective-action problems. Global governance entails making, monitoring, and enforcing rules. Within global governance, a variety of types of actors – not just states – exercise power.
In contrast to the traditional meaning of governance, the term global governance is used to denote the regulation of interdependent relations in the absence of an overarching political authority. An example of this is the international system, or relationships between independent states.
The concept of global governance began in the mid-19th century. It became particularly prominent in the aftermath of World War I, and more so after the end of World War II. Since World War II, the number of international organizations has also increased significantly. The number of actors involved in governance relationships—such as states, non-governmental organizations, firms, and epistemic communities—has also increased significantly.
Various terms have been used for the dynamics of global governance, such as complex interdependence, international regimes, multilevel governance, global constitutionalism, and ordered anarchy.