As the phenomenon of globalisation rolls relentlessly on and the world shrinks, the interdependence of the nations of the world presents new questions about the effectiveness and efficiency of transnational governance. But when we speak of global governance today we no longer mean simply state-to-state diplomacy, international treaties or inter-governmental organisations like the United Nations. Alongside these traditional elements of global politics are a host of new institutions, ranging from international networks of officials to private codes of conduct for world-wide corporations to partnerships of NGOs, governments, corporations and other actors.
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