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is diffi cult to evaluate the credibility of the claims made by proponents of<br />

these mechanisms, and the outcomes on the ground. This has important<br />

ramifi ca� ons for the legi� macy of market-based approaches to climate<br />

change management and sustainable development generally.<br />

Keywords: governance quality, legi� macy, global North, global South,<br />

REDD+.<br />

Introduc� on<br />

In interna� onal rela� ons (IR), the once orthodox perspec� ve, which<br />

views global poli� cal coopera� on being undertaken largely by na� on-states<br />

via intergovernmental regimes and associated agreements, is now seen<br />

as being out of date. 1 Emergent IR ‘globalists’ emphasise the structures of<br />

governance. 2 Tradi� onally, global governance was a ma� er for individual<br />

countries via balance of power poli� cs, but modern global governance is<br />

no longer dominated by the na� on-state, and extremely disparate interests<br />

that are not dependent on organisa� on along territorial lines have begun<br />

to ou� lank the state. 3 Mul� lateral ins� tu� ons in par� cular have become<br />

central, now diff eren� ated between government (“control exercised by the<br />

na� on-state, through formal (usually elected) par� es”) and governance<br />

(“control exercised by a variety of public and private ins� tu� ons that have<br />

been established at diff erent spa� al scales”). 4 The globalisa� on of poli� cs has<br />

led to a commensurate growth of global governance, not solely represented<br />

within formal ins� tu� ons and organisa� ons for intergovernmental<br />

coopera� on such as the UN. Mul� na� onal corpora� ons, transna� onal<br />

social movements and a mul� tude of non-governmental organisa� ons all<br />

pursue global objec� ves that bear upon systems of trans-na� onal rules<br />

and authority, around which the relevant actors converge and through<br />

which they pursue interna� onal rela� ons. 5 Although there is no formal<br />

global government, it is nevertheless true to say that there is s� ll global<br />

governance, whereby actors enmeshed in regimes (or more appropriately,<br />

less formalised arrangements of norms, rules and procedures) engage in<br />

behaviour that is nevertheless regulated and predictable. 6 As it is currently<br />

expressed in such intergovernmental ins� tu� ons as the UN, however, global<br />

governance is simply not strong enough as a subs� tute for the mechanisms of<br />

government inherent in the na� on-state. 7 This failure of intergovernmental<br />

1. James Rosenau, “Change, Complexity and Governance in a Globalising Space”, Deba� ng<br />

Governance: Authority, Steering and Democracy ed. Jon Pierre (Oxford and New York:<br />

Oxford University Press, 2000) pp. 167-200, at pp. 167-168.<br />

2. Mathias Koenig-Archibugi, “Introduc� on: Ins� tu� onal Diversity in Global Gvernance”, in<br />

New Modes of Governance in the Global System: Exploring Publicness, Delega� on and<br />

Inclusiveness ed. Mathias Koenig-Archibugi and Michael Zürn (Basingstoke: Palgrave<br />

Macmillan, 2006), pp. 1-30 at p. 13 and footnote 13.<br />

3. Ruggie, “Taking Embedded Liberalism Global”, p. 104<br />

4. Perrons, Globaliza� on and Social Change, p. 255.<br />

5. Held et al., Global Transforma� ons, pp. 49-51.<br />

6. Ibid.<br />

7 Ruggie, “Taking Embedded Liberalism Global”, pp. 94-95.<br />

Changing paradigms of aid eff ec� veness in Nepal 103

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