International Affairs: Global Governance - Week 1

I am doing a MOOC on global governance from The Graduate Institute of International and Development Studies. 

Here are my thoughts on the week 1:

What is Global Governance?
My one word answer: Diplomacy
A framework of values, institutions and agreements to manage international trade and other activities
Temptation to do "deals" rather than "rules" - too much power for richer nations
"Global governance is the sum of the many ways individuals and institutions, public and private, manage their common affairs, as long as those affairs have effect or implications beyond national borders."
Visible - meetings and summits
Invisible - technical outputs of agencies

WTO Summits
Ministerial meetings catalyses other activities
Challenges - logistical and getting consensus at one time
Summits progress day-to-day activities of the WTO

Ad-hoc vs regular summits
Ad-hoc summits would include those focused on a specific topic e.g. Iranian nuclear situation.
Regular summits would include annual organisational meetings e.g. G20.
Summits/organisations combining the two categories would could include some of the summits following the Kyoto treaty (I think they are called Conferences of the Parties) in that they are annual meetings but the specific agenda for each meeting changes.

Invisible governance - standards
Internationally recognised standards - e.g. ISBN code on books - International Standard Book Number
International Organization for Standardization (ISO), a private standard setting organisation with headquarters in Geneva