Providing global governance in a globalized world  In a world where globalization is deepening, and where national financial systems are becoming more interconnected, financial stability must increasingly be achieved at the global level. To make this happen, good governance at the global level is essential. Fortunately, nobody is against strengthening global governance as a concept.
Everyone instinctively realizes that something must be done to ensure the proper functioning of the financial system, which has expanded beyond national borders and has become global. Unfortunately, progress, though accelerated by the Great Financial Crisis, has still not been fast enough. Why is this the case?