The Origins of Informality: Why the Legal Foundations of Global Governance are Shifting, and Why It Matters [Hardcover]

This ground-breaking book explores the phenomenon of informal international organizations--weakly-legalized bodies that differ significantly from the formal institutions traditionally relied upon by the global community. It advances a new way of thinking about these organizations, presents new data revealing their extraordinary growth over time and across regions, and offers a novel account explaining why states have embraced them. Roger locates the origins of informality in major shifts occurring within the domestic political arenas of powerful states, explaining how these have projected outwards and reshaped the legal foundations of global governance. The book systematically tests this theory, presents detailed accounts of the forces behind some of the most important institutions governing the global economy, and draws out the policy implications of this account. While informality has allowed the number of multilateral institutions to grow, Roger argues, it has coincided with a decline in their quality, leaving us less prepared for the next global crisis.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 complex problems raised by deepening interdependence. Yet, equally, political scientists have puzzled over these international organizations. At present, we still know relatively little about these bodies, why they have become so important, and whether they are indeed capable of addressing the immense challenges faced by the gllÃB