Increasing government commitment to multilateralism


Context

Most governments accept responsibility for the provision of public goods such as policing and justices, financial stability, or environmental protection. The same responsibility applies at an international level. Among the basic international public goods that global governance should provide are: systemic financial stability, including a stable monetary system and a capacity to deal with systemic slumps; the rule of law to enable an open system for trade, technology transfer and investment, with mutually acceptable dispute settlement machinery; infrastructure and institutions; environmental protection of the global commons and the framework to promote sustainable development; equity and social cohesion, through economic cooperation, international development assistance and disaster relief.


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