The Great Recession may have stunned the Minority World, but the Majority World has survived more or less unscathed. David Ransom investigates why, and traces the outlines of a future that might just be worth having.
At the irrelevant 'Bretton Woods II' conference in Washington in a couple of weeks' time, the elephant in the room is the disastrous performance of the IMF, World Bank and WTO. They can't be reformed. They have to be scrapped. Whether they should be replaced is debatable.
Start with the prevailing disposition of power, trim your principles to fit, and you end up with an organization stood on its head. David Ransom spells out the consequences.