Reflections for New Inclusivity and Course Correction in Global Governance Mechanisms: Understanding Significance of Global South Perspectives Mirza Amna1,**, Nagpal Akshitta2,* 1Associate Professor, Sarojini Naidu Centre for Women’s Studies, Jamia Millia Islamia University, New Delhi-110062, India 2Research Scholar, Centre for Federal Studies, Public Policies and Governance, Jamia Hamdard, New Delhi-110062, India *(Corresponding author) email id: *akshittanagpal12@gmail.com
**amirza@jmi.ac.in
Online Published on 30 November, 2023. Abstract The concepts of Global North and Global South are closely tied to issues of development and growth within international political economy, while also serving as pivotal elements in the understanding of capitalism in interstate relations. Nations such as India, South Africa, and Brazil provide crucial case studies for comprehending the dual facets of the Global South’s ascendancy and the need to address deficiencies in global governance. Mechanisms of global governance, spanning from globalization to the roles played by multinational corporations, have consistently been subjects of debate. They have presented new opportunities, but the shortcomings resulting from their implementation cannot be overlooked. While they have fostered growth, they have also engendered ecological imbalances, climate change, biodiversityloss, and disparities in technological advancements, thus perpetuating a sense of misplaced priorities that disproportionately benefit select nations. This paper seeks to emphasize the importance of recognizing the concerns of the Global South, particularly from the perspective of countries like India. It underscores the necessity for reform and a course correction in global governance, with insights from the Global South, to bring about a more equitable and balanced international political economy. The paper is organized into three sections. Part I delves into an exhaustive exploration of the meanings and distinctions between the terms Global North and Global South, while delving into the historical backdrop behind their emergence. Part II sheds light on the evolving discourse of governance and its impact on the Global South, with a specific focus on the increasing influence wielded by these nations in comparison to their Global North counterparts. This chapter examines whether this augmented influence of the Global South is advantageous or not. The central theme of this section revolves around India’s role in the evolving governance discourse, with an extensive discussion on how India has shouldered global responsibilities. The final section highlights the obstacles faced in establishing equitable platforms for all nations and offers a forward-looking perspective for these developing nations. Top Keywords Globalization, Global south, Global Governance, Indic perspective. Top |