Global economic governance refers to the institutions, norms, practises and decision-making processes from which rules, guidelines, standards, and codes arise in order to manage the global economy. This paper - produced by the South Centre - recommends that in order to carry out a true reform of global economic governance, democratic participation and representation with a view towards reforming decision-making must be guaranteed; South-South cooperation through coalitions and groupings must be encouraged, and a realisation of the need to strengthen existing institutions, rules, and processes, or to even replace them with new ones, must be made.