A Different Global Governance: Taming the Excesses of Realpolitik

... record high levels in various shapes and forms – from the standard tools of tariff restrictions to currency wars and non-tariff barriers. At the regional level regional integration groups are either afflicted by economic nationalism and disintegration (Brexit) or are built on principles of exclusivity and/or non-recognition of other regional blocks. At the global level international institutions that are built around the principles of the bulk of the votes being allocated to the largest economies may lead to the amplification of the Realpolitik excesses rather than the contrary effect that should be expected from global institutions. What is the construct of ...