TITLE:
Renewal of the Global Governance Model in the Process of Geosocium Transformation
AUTHORS:
Vladimir Glazunov, Oleh Masiuk, Oleksandr Krasnokutskyi
KEYWORDS:
MNC, Green Transition, Imperialism, Geosocium, Sharing
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.10 No.4,
April
24,
2022
ABSTRACT: The article analyzes the changes in the geosocium
governance model that have occurred due to the impact of sharing and digital
economies’ development. It determines the nature of interaction between states
and multinational corporations and reveals the potential role of communities as
the owner and source of resource exchange, and a global governance actor in
this interaction. Therefore, the study focuses on the trends in renewing the
global governance model in the process of geosocium transformation. A
dialectical approach and the method of intellectual inversion, which allowed a
comprehensive analysis of the functions redistribution in governing socium and
geosocium, were used in the research. It is stated that green, digital and
cryptocurrency transitions act as instrumental forms for reshaping the model of
global governance of strategic resources for vital human activities. The study
suggests that the transition to the age of digital coexistence has increased
the flexibility of global governance actors and diversity of their associations
on the basis of harmonization and restoration of the system’s energy and
information balance. The modern geosocium construct which is complex, but
simultaneously fragile and vulnerable, requires the governance system, which is
being shaped, to comply with the principles of openness, tolerance, dialogue
communication and responsibility of all participants in geosocial relations.