Bridging Gaps in Global Governance

... any type of cooperative management framework ( WWAP, 2015 )” Another illustration of the breakdown of the current system is of course the propagation of protectionism, bilateralism and the weakening of global multilateral institutions such as the WTO. There are also notable omissions in governance with respect to the lack of integration of regional institutions into the global governance framework, which significantly limits the capability of the world economy to launch new liberalization initiatives or coordinated spending to prop up global growth. The lack of integration of regionalism into the global governance framework leaves too much scope for national egoism and severely limits the ability of ...