Concerns of a democratic deficit in global governance are consistently Essay

Concerns of a democratic deficit in global governance are consistently leveled by critics in relation to the legitimacy and accountability of global governance institutions - Essay Example This paper aims to evaluate democratic deficit in global governance in terms of accountability and legitimacy. The democratic deficit would be evaluated in terms of global governing environmental and financial institutions. In the contemporary world order, it is being observed that there are some of the issues and crisis related to state relations within a global community that are leading to more complicated scenarios. The reason behind complications of these crisis and issues is that the sovereign states are not self-sufficient when it comes to solving such problems. The crisis could be as diversified as the relations of a particular state with other states. The issues and crisis could be observed in almost every aspect of state affairs. The inability of sovereign governments to address such crisis leads to consolidation of one or more issues with drastic outcomes. In order to tackle the consequences, a group of states would work efficiently. In such a situation, it is believed that only democratic global governance could solve the problems with respect to working for different institutions. A commission on Global Governance was formed in 1993, which was largely funded by the United Nations Development Program (Lamb 1998). Global Governance is a gradual process which has been underway since the collapse of Soviet Union in 1991 (Arnaud and Gustavo 2008). The Global Governance Commission has given the following definition of governance: â€Å"the sum of the many ways individuals and institutions, public and private, manage their common affairs. It is a continuing process through which conflicting or diverse interests may be accommodated and co-operative action may be taken† (IIED 2002). The activities of Global Governance include monitoring the work done y the governments, efforts of the private sector, and initiatives taken by the international organizations and civil society towards â€Å"achieving the United Nations Millennium Development Goals† (World