The Origins of Informality (eBook, PDF)

Why the Legal Foundations of Global Governance are Shifting, and Why It Matters

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The legal foundations of global governance are shifting. In addition to traditional instruments for resolving cross-border problems, such as treaties and formal international organizations, policy-makers are turning increasingly to informal agreements and organizations like the Group of Twenty, the Financial Stability Board, and the Asia Pacific Economic Cooperation. A growing number of policy-makers view such weakly-legalized organizations as promising new tools of governance, arguing that informal bodies are faster and more flexible than their formal counterparts, and better-suited to the co...

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