Rethinking governance in an era of global insecurities, regional tensions and rising nationalism
Melbourne Business School
200 Leicester Street
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There is a sense of crisis in international affairs at present. Globalisation is in crisis and generates crisis. Nationalism is on the rise, especially in extreme forms. Many observers are seeking solution in alternatives to global bodies and national solutions – in regional governance. Yet the European Union, often regarded as the pre-eminent regional body is perceived as not only being in crisis but on the verge of disintegration. At the same time, regional bodies such as the Association of Southeast Asian Nations (ASEAN) have been seeking to deepen regional cooperation, while also experiencing major challenges. Emerging powers and shifting power dynamics of the US and China suggest greater complexity in tackling global challenges. The uncertainty following the election of Donald Trump and rising populism all point to insecurities at global, regional and national levels.
In the face of a strategic shift in the balance of power in international relations, might regional cooperation provide a means to manage global challenges?