The Transformation of Global Governance Project is a horizontal initiative at the European University Institute. It is a major research and policy analysis endeavour aiming to decipher the mutations global governance is undergoing in a series of fields, and to assess the effectiveness of the emerging arrangements.
The project is conducted jointly by:
- The Tommaso Padoa-Schioppa Chair in European Economic and Monetary Integration, housed within the Robert Schuman Centre for Advanced Studies and held by Professor Jean Pisani-Ferry. The Chair was established in 2014 in honour of Tommaso Padoa-Schioppa, former Italian Minister of Finance, a member of the Executive Board of the European Central Bank, and former President of the Basel Committee on Banking Supervision. Widely recognized as one of the founding fathers of the European single currency, Tommaso Padoa-Schioppa was a committed European and a friend of the EUI.
- The School of Transnational Governance, based within the EUI and delivering teaching and high-level training in the methods, knowledge, skills and practice of governance beyond the State. The School brings the worlds of academia and policy-making together in an effort to navigate a context, both inside and outside Europe, where policy-making increasingly transcends national borders.
Global governance was regarded by the architects of the post-war order as a key factor of prosperity and peace. Since then, the scope, intensity and channels of global interdependence have been fundamentally transformed by tectonic forces resulting in new patterns in the flows of trade, capital, migration and data, as well as rising concerns over global public goods such as the preservation of climate and biodiversity. These forces threaten the reliance on a system of universal, public, treaty-based, institution-supported and legally enforceable rules which have traditionally formed the basis of global governance.
While this calls for an overhaul of governance arrangements, global governance has not gained strength accordingly. Demand for global governance, however, has not diminished: citizens are increasingly concerned about global public goods. New governance formats are emerging, seldom underpinned by a clear legal order or supported by a powerful, unitary institution. A priority for research and public policy is to understand how these arrangements work and to analyse whether or under what conditions they can form the basis of a potential global governance model.
Over two years, the Transformation of Global Governance Project will:
- systematically analyse how governance has been and is currently conducted in a series of sectors
- attempt to critically assess the nature and effectiveness of emerging arrangements
- help map out future avenues of global governance.
As an important element of the project, conclusions will be drawn for what Europe’s role could be in this respect.
The project’s main activities involve organizing a series of sector- and topic-specific seminars and the synthesis of their output. Each is intended to serve as a platform for interaction between high-level academics, policymakers and practitioners from business and civil society, presenting and confronting their conception of governance in their field. These seminars are co-coordinated with the School of Transnational Governance at the EUI, also involving other relevant EUI departments, institutes or bodies, as well as think tanks, research centres and schools of governance worldwide.