Seventeenth Global Studies Conference

Abstract

The multilateral institutions derived from Bretton Woods, since 2008 and especially in the last decade, have been under check denoting that the international order has reached a critical stage. This process can also be evidenced by the increasing criticism concerning the role and performance of the international institutions in force. This issue addresses to the emergent countries and their movement towards reviewing their participation in the international arena. At this point, the rise of China and the willingness of these intermediate countries (such as Russia, India, Brazil and South Africa) to revisit their insertion on global governance scope, led to the conformation of the BRICS - aiming to cooperate and reach a higher level of development accompanied by a repositioning in the international arena. In this context, what is the role of the global community to move forward and contribute to the process of designing relevant institutional guidelines to overcome contemporary demands within the international arena? Which dynamics should be revisited to face the present challenges and how do domestic politics and actors interfere in shaping global governance? These are some questions related to this study, taking into account the interests and features that affect the policy-making processes. By rethinking contemporary features of Global Governance through the International Political Economy approach - debating which kind of measures and shapes for the international organizations would be suitable and fit better the contemporary challenges for cooperation - this research debates the key features for structuring a “New Global Governance” institutional framework.