Global governance does not mean a world government in Kantian terms, it involves global institutions to guide and restrain collective activities of agents. Since there is need for consensus and collective decision making mechanisms, it is not easy to realize global governance and it is in the interests of the actors to follow this path or not.

As regards global governance, from a normative point of view, what is needed is a “new globalizm” based on principle of equality of peoples and civilizations. 

With the increase in complex interdependence, neoliberal institutionalists have invented a concept known as “global governance” in order to define these networks of interdependence wherein state boundaries still matter. What these scholars expect is increasing institutionalization in different issueareas like trade, finance, environment, security and health under effects of globalization