It's democracy, stupid

None of the problems thrown-up by globalisation: the strong getting stronger and exploiting the weak who grow weaker; an unpredictable and turbulent global economy, and an increasingly life threatening environmental issues - can be effectively tackled without accountable and representative isntitutions for global governance.
Yet, the most powerful multilateral bodies shaping the global economy - the group of seven, sometimes eight, nations (G7/8), Tht IMF, World Bank and WTO are also among the least democratic and inclusive. As the mainstream news media point out, the only truly representative forum in the international system remains the United Nations. But its effectiveness has been continually undermined, crippled by either super-power politics and the glaring anachronism of the Security Council, or the setting up of parallel institutions that capture the influential levers of global governance.