Crisis of the Global Governance System
https://doi.org/10.24833/2949-639X-2025-1-11-34-52
Abstract
The article is devoted to the ontological analysis of conceptual and systemic-conceptual aspects, as well as the political-institutional challenges of global governance, which collectively create the preconditions for a systemic crisis while simultaneously laying the groundwork for its transformation and improvement. The author emphasises the crucial function of global governance as a process of fostering consensus among its participants to develop approaches and pathways for mutually acceptable solutions to global and regional issues that transcend national borders and require collective efforts to address. The article examines the role of international business in contemporary global processes, highlighting the intensification of its social and charitable activities, the rise of its political engagement, and new trends in international capital flows. At the same time, it is noted that, despite the significant economic and growing political role of international business in the global agenda, there is currently insufficient evidence to claim that it has become a full-fledged actor in global governance alongside sovereign states. Based on an analysis of the current crisis in the global governance system against the backdrop of tectonic shifts in world politics, the author concludes that the active inclusion of new actors and partners in global governance – such as businesses, civil society, and international non-governmental non-profit organisations – is leading to the creation of a more flexible, multi-actor, and less hierarchical global governance system.
About the Author
T. G. Leonova
Moscow State Institute of International Relations (MGIMO-University)
Russian Federation
Russian Federation
Candidate of Economic Sciences, Associate Professor at the Department of International Economic Relations and Foreign Economic Affairs, Senior Lecturer at the Department of Media Policy and Public Relations
Moscow
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Review
For citations:
Leonova T.G. Crisis of the Global Governance System. International Business. 2025;(1 (11)):34-52. (In Russ.) https://doi.org/10.24833/2949-639X-2025-1-11-34-52
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