Examines the prospect for successful multilateral management of the global economy and international security. This book contains case studies including the examination of difficulties facing global development, the challenges facing the IMF and the governance of global finance, and the problems of the UN 2005 World Summit.

In this book, leading international relations experts and practitioners examine through theory and case study the prospect for successful multilateral management of the global economy and international security. In the theory section contributors tackle the big questions: Why is there an apparent rising tide of calls for reform of current multilateral organisations and institutions? Why are there growing questions over the effectiveness of global governance? Is the reform of current organisations and institutions likely or possible? Case studies include the examination of difficulties facing global development, the challenges facing the IMF and the governance of global finance, the problems of the UN 2005 World Summit and its failed reform, and the WTO and the questions raised by the prolonged Doha Development Round. Co-published with the Centre for International Governance Innovation.

Introduction
Incentive Compatibility and Global Governance: Existential Multilateralism, a Weakly Confederal World, and Hegemony
A Grand Coalition and International Governance
America and the Reform of Global Institutions
Two Challenges to Institutionalism
International Institutions and Collective Authorisation of the Use of Force
Multilateralism on Trial: From the 2005 UN Summit to Today's Reality
Facing the Global Problems of Development
Can the Trading System Be Governed: Institutional Implications of the WTO's Suspended Animation
Slipping into Obscurity: Crisis and Institutional Reform at the IMF
A Comment on the Effective Possibilities of Multilateralism
Conclusion
The Contributors
Index.