ABSTRACT
This chapter explores the power of global governance to serve for stability and peace and the prevention of war, mainly by transforming the logic inherent in Realism's anarchy. Global governance is a force for peace. This can be best illustrated at the example of the European Union, which some see as a 'greenhouse' or model for global governance. Global governance has contributed to inequality via the promotion of capitalist practices. Anti-discriminatory policies are promoted by the institutions of global governance, and many countries have shown some improvements. Global governance needs to be reformed in order to tackle global inequalities. The United States as the unipolar power is capable of exercising dominant power within the institutions of global governance. Since the end of the Cold War, after which global governance has experienced an unprecedented boost, international warfare has declined dramatically. Global governance increasingly faces a legitimacy problem.
