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Recent Developments in Global Governance Reform

Recent Developments in Global Governance Reform

Recent Developments in Global Governance Reform

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미국

Recent Developments 
in Global Governance Reform 
July 16, 2009 
CHOE Wongi
Professor 
Dept. of International Economy and Trade Studies 
The ongoing international 
collaborations to overcome 
global economic crisis and 
challenges from climate 
change have important 
implications for the transformation of 
global governance in the coming future. 
Issues of particular importance that are 
likely to have significant impacts on the 
future courses of reform of global 
governance include the regularization 
and institutionalization of G20 summit 
meetings; international cooperation to 
strengthen and tighten financial 
regulation and supervision; the 
outcomes of international settlements, 
particularly between the U.S. and China, 
to correct the global imbalances; and 
UN-led climate change negotiations.
Finally, depending on the 
outcomes of the UN climate change 
negotiations now under way that are 
scheduled to come to a conclusion in 
Copenhagen this coming December, a 
fundamental shift in the international 
regime that would govern the 
greenhouse gas emission for the Post-2012 period might take place. For now, 
the negotiation prospect for a success 
at the Copenhagen is not so bright for 
advanced and developing nations 
continue to lock horns over some key 
points of contention—for example 
setting mid-term carbon emission 
reduction targets and imposition of 
mandatory reduction for some key 
developing countries. 
However, the widely shared 
international consensus on a successful 
conclusion of the negotiations and a 
strong political momentum gained in 
serious of recent international talks 
raise expectations for the Copenhagen 
climate change summit in December.

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G20

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최원기

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