It is now more than fifty 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 the contours of institutions and governance that would meet the needs of the world economy, and also polity, at least for the first quarter of the twenty-first century. This book is the first to examine the subject in depth.About the Author: Deepak Nayyar, an eminent economist, is currently Vice-Chancellor of the University of Delhi. He is also Chairman of the Board of Governors of the World Institute for Development Economics Research, UNU-WIDER, Helsinki; on the Board of Directors of the Social Science Research Council in the United States; and a Member of the Advisory Council for the International Development Centre, Queen Elizabeth House, University of Oxford.