In This Review

Global Governance at Risk
Global Governance at Risk
Edited by David Held and Charles Roger
Polity, 2013, 272 pp.

In Held and Roger’s view, the world faces a growing “governance gap”: as globalization creates new types of economic, environmental, and security problems that can be solved only through collective international efforts, states remain stubbornly reluctant to cooperate. Held and Roger worry that the concept and practice of global governance are on the brink of collapse. They do not themselves quite predict a systemic collapse of global institutions, but they do see a future of increasing dysfunction and crisis, and the other contributors to this volume provide plenty of fodder for that view. Benjamin Cohen depicts an international monetary and financial system that has become less regulated, less transparent, and less predictable, thus increasing the odds of a systemic crisis. Robert Wade highlights the difficulty of integrating emerging economies into global governance institutions, arguing that Western states have resisted efforts to share authority. But the book lacks a clear picture of the coalitions and constituencies that might rise up in the midst of a future crisis to build a new generation of multilateral rules and institutions.