The design of global governance has changed from state-led international institutions to partnerships, networks, associations, and layers inhabited by aid agencies, public-private partnerships, private entities, companies, and foundations in the twenty-first century.
This Article aims to understand these new architectures, and how they reflect the changing relations between the actors involved in modern time global governance. It employs the prism of governance models and concentrates the research on economic and political institutionalism in order to determine if and how relationships among the increasingly numerous main actors have altered. It examines the many driving reasons for the transition and highlights the need of looking at both structures and desires. This article looks at Marxist theories along with the liberal approaches of renowned scholars to better understand Global political economy in the contemporary world.