Multistakeholder partnerships are characterized by institutional elements such as informality, voluntarism, and corporate partnerships which some commentators, like Nick Buxton, consider the "default mode of global decision-making." The rapid expansion and influence of multi-stakeholder partnerships have led some activists to argue that we are witnessing "The Great Takeover," in which elites promote multistakeholderism as a replacement for traditional intergovernmental multilateralism.
But how did multistakeholderism emerge within global governance? And is the future of multistakeholder global governance so certain?
In a recent article in the Review of International Political Economy, we approach this question historically by exploring the origins, development, and future of multi-stakeholderism in global governance.