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Inclusive and Effective Global Economic Governance:

This presentation explores ways to strengthen the UN's role in global economic governance and enhance coherence, inclusiveness, and effectiveness in addressing global challenges. Through qualitative research methods and considering criteria such as population density and GDP, the project proposes a model of regional representation within the UN Economic Global Governance Council. By balancing effectiveness and inclusiveness, the presentation advocates for a strategic allocation of council seats based on world GDP and population size. The proposed framework aims to make the UN a central player in the evolving landscape of global economic governance.

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Inclusive and Effective Global Economic Governance:

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  1. Inclusive and Effective Global Economic Governance: A challenge of our times Graduate Program in International AffairsPracticum in International Affairs Presentation Client: United Nations Department of Social and Economic Affairs Strategic Planning Department Aditi Shukla Manjola Karame Martine Nedregård Martin Wøldike Advisor: Ambassador RafatMahdi

  2. UN Resolution: • Secretary -General’s Report • Reaffirm UN’s role in global economic governance

  3. Client • United Nations Department of Economic and Social Affairs • Strategic Planning Division

  4. Client Objective • Find a solution to the current state of global economic governance • Put the UN on center stage

  5. Client Objective • “In what way can the UN system be strengthened to play a leading role in global economic governance facilitating both more coherent and better coordinated multilateral policy responses to global challenges?”

  6. Background • Failure of international community to handle crisis through a representative body • Weaknesses of current international economic system highlighted • Current system inadequate • How can the UN play a leading role?

  7. Methodology • Qualitative Research Methods • Interviews with prominent UN Ambassadors • G20 • Global Governance Group

  8. Why the UN? • Of its universal character with • Inclusive representation • Global outreach • Long expertise • Widely regarded as legitimate • Can create international law

  9. Dilemma: • Efficacy v. legitimacy and inclusiveness

  10. Deficits in Global Economic Governance • Coherence • Legitimacy • Inclusiveness • Effectiveness

  11. Lack of Coherence • Myriad of actors, but little coordination • Gaps to bridge and overlaps to break • Will improve general effectiveness • How to address the incoherence in a legitimate and effective way?

  12. Lack of Legitimacy • Need for inclusiveness/outreach/representation • Need for effectiveness

  13. Balancing Effectiveness and Inclusiveness • Tradeoffs between effectiveness and inclusiveness • What is the “optimal” balance?

  14. Criteria • Criteria of the selection of the 47 countries in the United Nations Economic Global Governance Council: • Population density • Nominal GDP • Number of states in the region • Effectiveness and inclusiveness of a global economic governance body are most efficiently maintained through a model of regional representation

  15. UN Regional Groupings • Council is organized in terms of the five UN Regional Groups: • Africa —53 countries • Asia —53 countries • Eastern Europe —23 countries • Latin America and the Caribbean —33 countries • Western Europe and Others —28 countries

  16. UNEGG Council Seat Allocations Total UNEGG Council Seats: 47

  17. Population Sub-Group • Population • In order to represent countries with substantial populations. • Countries with the largest population must be present to make a substantial impact and effect a large body of people

  18. GDP Sub-Groups • 3 subgroups dedicated to the three nominal GDP divisions of high, middle and low in the region: • Economic diversity • Seat eligibility

  19. Baseline UNEGG Council Seat Allocations

  20. Seats Based on Percentage of World GDP • Proportion of seats should be allocated based on the region’s access to the resources in question for the sake of effectiveness of the council- 15% threshold: • Every 15% share of total world GDP a region is allocated an additional seat.

  21. Percentage of Total World GDP by Region

  22. Calculation of “15%Threshold” Seats by Region

  23. UNEGG Council Seat Allocations + World GDP “15% Threshold” Total UNEGG Council Seats: 25

  24. Open Seats • The region will be permitted to democratically allocate their open seats as they see fit. • There are no restrictions on the nomination for the seats other than membership in the region. • Flexibility • Acceptance of the Council • Encourage energetic participation.

  25. UNEGG Council Seat Allocations + World GDP “15% Threshold” Total UNEGG Council Seats: 25

  26. Population Size • The largest populations must have a seat at the table as their decisions impact a large proportion of the global economy.

  27. Seats Based on Percentage of World Population • The “>1% rule” will ensure that all member states with populations exceeding 1% of the world population are eligible for nomination for the regional population seat. • Each region is given an additional seat for every third country which accounts for greater than 1% of the world’s population.

  28. Seats Based on Percentage of World Population

  29. Seats Based on Percentage of World Population Total UNEGG Council Seats: 30

  30. Seats based on States to Seat Ratio • “10:1 ratio”– calls for the allocation of an additional seat for every 10 member states in a region

  31. Seats based on States to Seat Ratio

  32. UNEGG Council Seat Allocations + 10:1 Ratio Total UNEGG Council Seats: 47

  33. The UNEGG Council

  34. Conclusion • United Nations is well-positioned to play a leading role in shaping an effective, representative and coherent system of global economic governance. • We endorse the proposed model for a UNEGG Council

  35. Thank You! • Alia and Mark • Mr. NavidHanif • Ms. MadhushreeChatterjee • The UN Ambassadors • And of course, our Ambassador RafatMahdi

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