Download or read book The Role of International Institutions in Globalisation written by John-ren Chen and published by Edward Elgar Publishing. This book was released on 2003-10-29 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an increasingly globalised world, it is becoming ever more difficult for nation states to adapt to the international consequences of market failures, government failures and global externalities without co-operation and co-ordination with other countries. In the absence of any form of world government, the most effective solution to this problem is either to create new international institutions, reform existing ones or work within the prevailing institutional framework.