Bridging the Global Governance Gap: Rethinking Power, Inequality, and Cooperation in the Post-UN Summit Era
Rahul Mahamuni
Gopinathrao Munde National Institute of Rural Development and Research- A Constitute Institute of Dr. Babasaheb Ambedkar Marathwada University, Chhatrapati Sambhajinagar
Abstract:
The global governance landscape remains marred by persistent inequalities and imbalances, particularly in the roles and influence of developing countries. Despite the rhetoric of inclusivity, institutions like the United Nations and global financial entities continue to reflect post-World War II power structures dominated by the Global North. This paper explores the key takeaways from the recent Summit of the Future, with a focus on the evolving dynamics of global governance, justice, and cooperation. It critiques the limited reforms proposed for institutions such as the UN Security Council and global financial bodies, which fail to address the core concerns of developing nations. The emergence of alternative power centers, such as China and India within the BRICS framework, presents opportunities to reshape the global order, yet colonial legacies continue to hinder substantial progress. The paper also examines the Summit’s initiatives, including the Global Digital Impact initiative, the Declaration on Future Generations, and a broader understanding of prosperity that goes beyond GDP to incorporate sustainability and well-being. As the center of global power shifts toward Asia, the paper advocates for greater involvement of the Global South in shaping new global priorities, particularly in the areas of AI governance and sustainability metrics. Ultimately, it argues that while global goals foster new cooperation, they fall short in resolving the deep-rooted structural challenges that perpetuate inequality, necessitating more decisive actions for a truly equitable world order.
Keywords: Global governance, inequality, sustainable development, BRICS, AI governance.
