Under political dimension of globalization it was argued that governance has become much more dependent on international organizations, bilateral and multilateral contracts, so that sovereignty of a particular state has to be decreased.Group of answer choicesTrueFalse

Global governance involves multiple states including international organizations with few states having more of a lead role than the rest.Group of answer choicesTrueFalse

World governance is a movement towards political cooperation among actors, aimed at negotiating responses to problems that affect three or more states or regions.Group of answer choicesTrueFalse

disadvantages of Globalization in the context of the contemporary international political system

Explain the global governance gap in relation to multinational companies including its causes as discussed by Scherer/Palazzo

Give two (2) reasons why International Organizations like the United Nations are essential in global governance.