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Klaus Schwab and Thierry Malleret’s book ‘Covid-19: The Great Reset’ identified “the global governance free fall” as an existential challenge and if we do not collaborate “we are doomed.”“Nation states make global governance possible (one leads the other),” the book states. “The more nationalism and isolationism pervade the global polity, the greater the chance that global governance loses its relevance and becomes ineffective. Sadly, we are now at this critical juncture. Put bluntly, we live in a world in which nobody is really in charge.”
The book defines “global governance” as the cooperation among transnational actors to respond to global problems and “globalisation” as a broad and vague notion that refers to the global exchange between nations of goods, services, people, capital and data.
Although global governance is defined as a different concept, they are intertwined and the reasons for its “free fall” are the same as those for the retreat of globalisation.
The solution to the retreat from globalisation, Schwab and Malleret said, was a new form of globalisation which required policies and effective global governance....<<<Read More>>>...