New Solidary Frame of Global Governance:

Providing the free formation of "polycentric institutions"

 

 

The new solidary frame of global governance is a system that provides multilateral interaction of economic entities, objects and poly-subject environments within the digital institutional polysystem.

 

The frame system is:

 

1)     three-dimensional, which combines transcendent, rational and irrational dimensions of economic activity and market relations;

2)     coherent and holistic, providing a single operating space for different systems and a single legal framework for different countries.

 

Such functionality makes the frame system homeomorphic [G. Perelman] to economic activity of both regional and global scale.

 

The architecture of the frame consists of interrelated institutional contours, which ensures its viability [Stafford Beer] , self-development and self-regulation:

 

1.     Contour of digital companies that convert knowledge, information, communications and relations, which are today the main factors of production, into business processes, profit and wealth.

2.     Contour of digital property that provides income and capital (self-increasing value) in a complex landscape of interaction of: intangible assets and physical capital, consumption and production, private profit and public goods, market conditions and a viable future.

3.     Banking contour to ensure privacy, control and security of business transactions.

4.     Contour of digital business intelligence for auto-formalization of business processes based on the linking the internal business processes with exogenous (external) economic factors, rules and risks.

5.     Contour of pricing and price regulation based on market feedbacks.

6.     Contour of a “solidary sustainable development”, which is based on the Sustainable Development Goals and generates projects aimed at building resilient infrastructure, adaptation to climate change, preserving and enhancing biodiversity, as well as long-term economic growth and a viable future.

7.     Contour of "polycentric institutions" [E. Ostrom] – an environment for the free establishment, functioning and collaboration of institutions that increase economic diversity and ensure economic growth, job creation, and movement towards a viable future. Polycentric institutions are aimed at the growth of public goods in the context of globalization and innovation, at countering planetary threats and risks, as well as at the protection of human rights and Nature.

8.     Contour of Virtual Economic Environments (VEEs) – functional systems that ensure the integration of information resources, communications, competencies and business processes for organizing markets, implementing large-scale projects, creating and functioning of various communities. VEEs provide multistakeholder cooperation, management of multiple processes, tasks and projects, as well as blended financing mechanisms.

9.     Business Creation Environment (to build services, businesses, markets, communities), which contains registers, repositories, business templates, management systems needed for the quick launch of business projects, structuring the business space and stimulating economic inclusion.

10.  The contour of social distance to provide educational, medical and other public communications in a structured, organized, secure, institutional and legal digital environment.

11.  Contour digital cyber security that maintains the required level of security of technological solutions and legal relations in the institutional frame.