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What is the meaning of the term Global Governance?

global governance term
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What is the meaning of the term Global Governance?

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According to the Commission on Global Governance, ‘global governance’ is simply the way we manage global affairs. Today, global governance must be understood as involving not only governments and intergovernmental institutions but also non-governmental organizations, citizens movements, multi-national corporations, the global capital market, and the global mass media. States and governments remain primary actors but they do not bear the whole burden of governance.

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