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competition refresher magazine subscription DEMOCRATIC PRINCIPLES IN GLOBAL GOVERNANCE Speaking at the first Summit for Democracy, the Prime Minister (PM) of India advocated for democratic principles to guide global governance. More about Summit for Democracy It is a two-stage flagship presidential initiative from the USA to put democracy and human rights at the heart of U.S. foreign policy. It brought together leaders from democratic governments, civil society, and private sector. It aims to bolster democracy from local to global levels through its three Pillars of focus (as given in image). competition refresher magazine At the summit, the USA launched its Presidential Initiative for Democracy Renewal with $424.4 million to bolster democracy from local to global levels. Global Governance and Global Risks Global Governance is a means to manage issues that cut across national borders to create a fairer and just world. It involves a complex of institutions, policies, norms, procedures, and initiatives to coordinate collective action globally and address transnational challenges. These interventions include providing public goods, developing unified standards, and ensuring equality and justice among States and their citizens to bring more predictability, stability, and order competition refresher magazine pdf.