ABSTRACT
This chapter attempts to criticize particular mainstream branch of thought on global governance as also being too normative in its perspectives. It discusses global governance is an attempt to show commonalities, such as the implicit assumption of heterarchy and the neglect of discussions on power distribution within the international system. The chapter explains global governance in its current worldly expression does show observable features and structures that can be understood by combining the Institutionalist perspective on global governance. Kenneth Waltz argues that states are still the most important actors, and their power differentials as well as the systemic configuration of anarchy account for states behaviour. The power of global governance institutions and arrangements since the end of the Cold War and with the advent of globalization has arguably increased, as the former chapter tried to show. Global governance much more than being a heterarchic undertaking should therefore be understood as 'hegemonic governance' to account for these inequalities in power.
