Global Governance: Political and Economic 

The  system of global and regional institutions and organisations which has developed mostly after World War 2 was a reaction to the disasters of two world wars and prolonged economic stagnation in the 1930s. The aim was to enable states to come together to agree on shared solutions to shared problems. 

Theories of Global Governance  

Co-operation on a global scale is centred on the United Nations (UN). Other organisations include the North Atlantic Treaty Organization (NATO), the Intergovernmental Panel on Climate Change (IPCC), the International Monetary Fund (IMF) and the International Court of Justice (ICJ). All these organisations are set up jointly by states to serve a function or to solve a particular problem.