It is now more than sixty years since the united nations system and the bretton woods institutions were created the world has changed since then and so have its governance needs in terms of institutions and rules it is time to think about contours of institutions and governance that would meet the needs of the world economy, as also polity this book is among the first to examine the subject in depth and well ahead of its time this authoritative volume will be most valuable to readers with an interest in international economics, development economics, and international relations it will also be of value to practitioners, both policymakers and diplomats, concerned with problems of global governance it has become a standard reference on the subject