Global Democracy for Sustaining Global Capitalism

Jose Miguel Andreu and Rita Dulci Rahman

There is a growing recognition that many global problems and conflicts cannot be resolved by individual national governments, even the most powerful ones. Existing multilateral institutions, including the United Nations, World Bank, IMF and WTO, were established after the Second World War to promote political stability and economic prosperity. However, the authors argue that these institutions are no longer adequately equipped to address the challenges of an increasingly interconnected and democratic world.

The book examines the limitations of national democracy in addressing global public goods and externalities, including peace and common security, environmental protection and climate change. It also discusses how national self-interest, unequal power relations and dominant economic policies have contributed to global conflicts and imbalances in income distribution.

Drawing on an analysis of democracy at national and global levels, the authors explore its relationship with capitalism and the conditions required for its sustainability. They propose a fundamental restructuring of the United Nations system and its economic agencies on democratic principles, with the aim of establishing a system of global democracy capable of addressing shared international challenges.

The book highlights the importance of achieving a more balanced global distribution of income as a necessary condition for sustaining global capitalism.

Key Features

• Examines the foundations of democracy at national and global levels.

• Explores the relationship between democracy and capitalism.

• Analyses the limitations of existing multilateral institutions, including the UN, World Bank, IMF and WTO.

• Discusses global public goods, externalities and international cooperation.

• Examines issues relating to peace, common security, climate change and global income distribution.

• Explores the impact of national self-interest and unequal global power relations.

• Proposes a democratic restructuring of the United Nations system and its economic agencies.

• Presents global democracy as a framework for addressing shared international challenges.

Product Details

• Authors: Jose Miguel Andreu and Rita Dulci Rahman

• Publisher: Academic Foundation

• Publication Year: 2009

• Language: English

• Format: Hardcover

• Pages: 362

• ISBN-10: 8171887309