Readers' Guide Comment on “multidimensional and inclusive approach“
The constituent groups that could be included in the process of generating collective action are not defined. WEF does not name workers, women, indigenous people, youth, small island countries, least developed countries, or other currently marginalized communities in the international community, but instead calls for a more formal role for MNCs under the umbrella of a new global governance system.
The reference to ‘multidimensionality’ is not clear. Later references suggest that WEF is struggling to articulate a counterweight to concentrated economic and geopolitical power that would have a secure ethical foundation, but this position is never fully developed.
Readers' Guide Comment on “market… failures”
The diagnosis does not identify what are the ‘market failures’ that need to be addressed. In fact, the international business community has been in the forefront of blocking government and UN actions to address global market failures. For the last six decades, the International Chamber of Commerce and other business organizations have strenuously opposed any effort to address inequalities resulting from international patterns of trade or investment, or to create an inter-governmentally legal and moral regime for the same issues.
Readers' Guide Comment on “public governance failures”
The diagnosis does not identify what are the ‘public governance failures’ that need to be addressed. Each reader may well have his or her own collection of public governance failures. WEF's recommendations and prescriptions would be far less scattershot if it presented an honest appraisal of how and why public governance on a global level did not keep up with economic globalization.
The Readers' Guide welcomes comments with alternative examples or counter examples, supplemental assessments of the extracted GRI text or commentary – critical or otherwise – of the above interpretation of GRI’s perspective.