Global governance and poverty reduction

Issues of global governance have assumed great significance over the last years. With a growing sense of interdependence, international treaties and international organizations have come to play important roles in many issues and policy areas. Global governance is also closely linked to poverty reduction, since poverty reduction does not only require action on national or local levels, but also on the global level. International organizations, like the World Bank, have played key roles in this regard. Moreover, even if they are not specifically aimed at poverty reduction, global governance institutions may have an important effect on poverty and development policies, as is witnessed for instance by the debate surrounding TRIPS, the WTO Agreement on intellectual property rights.

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