Goldin on Global Governance

Almost as scary is his insider’s view of international organisations’ lack of readiness to deal with such threats. He questions the future effectiveness of the UN, and the legitimacy of the International Monetary Fund and World Bank, created at the 1944 Bretton Woods conference. “The picture of global governance today is one of duplication, ambiguity, overlap and confusion,” he concludes. Tax-free salaries and comfortable career paths encourage entrenched views and organisations out of step with modern working practices. 

Pretty damning, from the FT review of Ian Goldin's new book.