Since the onset of the current economic crisis, a global debate on the regulation of the new
economic reality has intensified. Challenging three traditional governance assumptions (the
Westphalian system of states, national policies and its hard-law norms), the paper will examine
the activities of the Group of 20 towards developing a new global economic regime, drawing
on aspects of the regime theory and global governance concepts. After analyzing three distinct
models of supranational governance, the paper will show the relevance of soft law in successful
implementation of new global norms.
Primary Language | English |
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Journal Section | Articles |
Authors | |
Publication Date | March 1, 2015 |
Published in Issue | Year 2015 Volume: 11 Issue: 44 |