The significance of global governance in contemporary politics lies in its ability to address complex, transnational issues such as climate change, security, and economic development. Global governance frameworks establish cooperative agreements and norms among nations, facilitating collaborative solutions to challenges that exceed national borders. Through organizations like the United Nations and World Trade Organization, global governance enables countries to work together, promoting stability and reducing conflict. This collaborative approach also fosters international relations and emphasizes the importance of multilateralism in an increasingly interconnected world.