The main challenge of global governance lies in finding a balance between the sovereignty of individual nations and the need for collective action to address global issues.

The World Trade Organization (WTO) is the international organization that regulates global trade and promotes economic cooperation among its member countries.

The United Nations Security Council is responsible for maintaining international peace and security, authorizing military interventions, and imposing sanctions on countries that violate international law.

The IMF provides financial assistance to countries facing economic crises, helps stabilize their currencies, and promotes economic reforms to restore financial stability.

The World Bank's primary objective is to promote economic growth and reduce poverty in developing countries by providing financial assistance, technical expertise, and policy advice.

The Paris Agreement is an international treaty that aims to limit global warming and reduce greenhouse gas emissions to combat climate change.

NGOs play a vital role in global governance by advocating for social and environmental causes, providing humanitarian aid, promoting cultural understanding, and holding governments and corporations accountable.

The WHO coordinates global efforts to prevent and control diseases, sets international health standards, and provides technical assistance and support to countries to improve public health.

The Universal Declaration of Human Rights sets out fundamental human rights and freedoms, promotes equality and non-discrimination, and provides a framework for international cooperation to protect and uphold human rights.

The concept of 'global citizenship' emphasizes the interconnectedness of people across borders, promotes a sense of responsibility towards global issues, and encourages participation in global decision-making processes.

Effective global governance faces challenges such as national sovereignty and conflicting interests, lack of enforcement mechanisms for international agreements, and unequal distribution of power and resources among countries.

Strengthening global governance requires promoting cooperation and dialogue among nations, reforming international institutions to make them more inclusive and responsive, and encouraging participation of civil society and non-state actors.

The G20 is a forum that brings together leaders of the world's largest economies to coordinate global economic policies, address financial crises, promote sustainable development, and address climate change.

Global governance differs from international relations in its focus on cooperation and interdependence, inclusion of non-state actors, and emphasis on addressing global challenges collectively.

The concept of 'soft power' in global governance refers to the ability to influence others through persuasion and attraction, based on cultural and diplomatic influence rather than military or economic power.