This chapter presents a perspective on governance in which the interplay of multiple actors is key. Processes, rather than specific sets or groupings of actors, form the primary units of analysis. Coercive rules are common and expanding around the world. In addition, studies have shown a far-reaching proliferation of regulatory activities among and across nations—transnationally. Such regulations tend to be of a ‘soft law’ kind. The chapter is structured as follows. The first section presents the notion of a transnational world. Then follow two sections presenting the principal characteristics of transnational governance: distributed yet organized governance and the multi-institutional embeddedness of governance processes. A concluding section describes how these three dynamic features combine and with what consequences.