Towards the privatization of global governance?

The article analyzes the trend towards the privatization of global governance resulting from the crisis of multilateralism and the shift from the multilateral international system, based on nation States, to a global private market-based system with global private sector actors. The underlying question throughout it is if global public goods can be regulated by private global institutions. The tensions arising from this are expressed as the weakness of the multilateral system created with the Pax Americana after WWII. © 2017 Society for International Development.