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by Antonio Mosconi
 
The wars in western Asia and the financial crisis of 2007-2008 marked the end of the American aspiration to world supremacy. Global common goods, such as security and monetary and financial stability, are no longer guaranteed by the United States.
 The possibility of cooperation between large regional areas paves the way to the establishment of a new world order.

The dollar, the currency of the most indebted country in the world, can no longer function as a global currency. The multi-currency monetary system, which is being formed spontaneously, can allow the use of currencies for competitive purposes, as happened between the two world wars. A global anchor is therefore needed, independent of individual states. This function can initially be performed by the SDR basket (managed by the International Monetary Fund), as suggested by the Triffin Foundation. The entry of the Chinese renmimbi into the SDR basket, a legacy - imbued with bold intentions - of the Obama Administration, has already made possible a bond issue by the World Bank in China for two billion SDRs (3.8 billion USD). Other SDR issues are conceivable for the financing of some colossal transnational projects, such as the Silk Road and the European Plan for Africa. The development of a market of financial instruments denominated in SDR will facilitate the resumption of the development of the official use of SDRs as an international reserve asset, to which the main currencies are linked (dollar, euro, renmimbi, and to a lesser extent yen and sterling, and others in perspective).

This will be possible as soon as the current United States’ attitude of withdrawal from supranational institutions will be overcome, and a full American participation in cooperation with other regions of the world will be re-established. At that time, the SDR will be able to bring together the three functions of a world currency: a unit of account, a means of payment and a reserve instrument, thus finally implementing the Second Amendment of the Articles of the IMF which, inspired by Robert Triffin, contains the commitment to make the SDR "the main reserve asset of the international monetary system" (1976). The European initiative should be aimed at maintaining this perspective alive, and at "inducing" the United States to fruitfully cooperate.

www.triffininternational.eu
www.csfederalismo.it
www.centroeinstein.it
www.federalist-debate.org
www.reinventingbrettonwoods.org
www.fungglobalinstitute.org
www.sdrf.org.cn
www.singleglobalcurrency.org
https://piie.com

 
The Responsibility to Protect and Prevention of Mass Atrocities

By Ms. Jelena Pia-Comella* 

 

The principle of the "responsibility to protect" (RtoP) was first enunciated in the Report of the International Commission on Intervention and State Sovereignty (ICISS), set up by the Canadian Government in December 2001. 

Latin American and Caribbean Criminal Court

by Camila Lopez Badra  

  

It has been more than five years since the Argentine NGO "Democracia Global" started the campaign to create a Latin American and Carribean Criminal Court Against Transnational Organized Crime (COPLA, for its acronym in Spanish). Thanks to the restless endeavor of the NGO, this campaign now has over 3000 signatures, including those of academics, politicians and parlamentarians from all around the globe. 

Reform of the United Nations

By Andrea Cofelice

 

With the publication of An Agenda for Peace (1992), An Agenda for Development (1994) and An Agenda for Democratisation (1996), the then-UN Secretary General Boutros Boutros-Ghali launched an ambitious program to reform the United Nations, in order to strengthen, democratise and adapt the Organisation’s structure and working methods to the changed international context, marked by the end of the Cold War. What remains nowadays of that “reform afflatus”? What are the initiatives undertaken and the unresolved issues?

Governing and Democratizing Globalization. A Plan for the WTO's Reform

by Lucio Levi

 

The globalisation process has eroded state sovereignty, producing a contradiction between market and civil society dynamics (that tend to become global) and resistance from nation-states (that remain national). In other words, markets have gained the upper hand over politics. Two opposing projects are confronting with each other in the challenge to govern globalisation: the federalist, which advocates the globalisation of political power and democracy, and the nationalist that pursues the return to the nation-states. 

A United Nations Parliamentary Assembly

More and more issues have a global dimension that requires global cooperation. At the UN and other international fora, governments come together to negotiate and decide on policies that have a global impact. The bodies of the UN and international organizations are occupied by officials who are appointed by the executive branches of national governments. In view of their growing importance of international organizations and their decisions, this is no longer sufficient.

New Deal for Europe: A European Citizens' Initiative (ECI) and Petition

A Special European Plan for Sustainable Development and Employment financed by additional own resources of the EU budget coming from taxes on financial transactions (FTT), CO2 emissions (Carbon-Tax) and a loan in Euro Project bonds, in order to create new jobs (especially for youths) in the strategic sectors of the green economy, the safeguard of Europe's natural, historical, artistic and cultural heritage, and of research, innovation and permanent training.

Taking Stock of the progress towards pollution reduction - the Talanoa Dialogue

by Lorenzo Spiller

Since pollution cannot be stopped at state borders, a bad pollution management policy in Latvia may potentially affect environment and ecosystems in the UK, Poland and Sweden. This is the main reason why global citizens and international organisations have to obey the imperative to come together and urge local, regional and national governments to act at a continental and global level.

Reform of the international monetary system
by Antonio Mosconi
 
The wars in western Asia and the financial crisis of 2007-2008 marked the end of the American aspiration to world supremacy. Global common goods, such as security and monetary and financial stability, are no longer guaranteed by the United States.
Status of ratification of the Rome Statute including the crime of aggression
by Jelena Pia-Comella, Deputy Executive Director of WFM-IGP and CICC
 
The International Criminal Court (ICC) was established by the Rome Statute on July 17, 1998 and entered into force on April 11, 2002. It is a universal and permanent tribunal which tries individuals, not states, for genocide, war crimes, crimes against humanity and aggression. 
The European Environment Agency - Framework for international engagement
by Lorenzo Pietro Spiller
 
The European Environment Agency (EEA), the EU agency tasked with providing information on the environment and coordinating national environmental bodies, recently published a “framework for international engagement”, 
Events
The value and functions of parliaments in regional organisations

Executive Training Seminar

European University Institute, Fiesole, 16 – 18 November 2016

Call for papers

What budget, resources, fiscal and borrowing powers for the EU?

University of Florence – Polo di Scienze Sociali, Florence, 12-13 November 2015

The democratization of international institutions

Which perspective and role for the EU 

 

Round table during the presentation of the book 

by Lucio Levi, Giovanni Finizio e Nicola Vallinoto 
The Democratization of International Institutions - First International Democracy Report  (Routledge)
Rome, 24 June 2015 - ore 10:30 - 12:30
PALAZZO RONDININI, Via del Corso, 518 

The program

 

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