Theories of governance and Chinese understandings

There is a vast and eclectic literature about many forms of governance, including markets, bureaucratic hierarchies, associations and different types of networks. The Commission on Global Governance, for example, defines governance as ‘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 cooperative action may be taken. It includes formal institutions and regimes empowered to enforce compliance, as well as informal arrangements that people and institutions either have agreed to or perceive to be in their interest’. Thus, ‘at the global level, governance has been viewed primarily as intergovernmental relationships, but it must now be understood as also involving non-governmental organizations (NGOs), citizens' movements, multinational corporations and the global mass of dramatically enlarged influence’.