The role of international institutions in globalisation : the challenges of reform 1. Global market national sovereignty and international institutions 2. The Tobin tax revisited in the context of global governance on capital markets 3. The WTO system and foreign direct investment : a policy challenge 4. Order and justice in the international trade system 5. Some proposals to adapt international institutions to developmental needs 6. Globalization north south uneven development and international institutions 7. Comment on globalization north south uneven development and international institutions 8. The bank for international settlements : which. activities can be justified from a normative economic perspective 9. Basle II : quantitative impact study on small and medium sized enterprises in Austria 10. Basle accord and macroeconomic activity This book presents a critical analysis of the role of international institutions and their performance in terms of justification effectiveness and efficiency. The authors begin by discussing the controversies surrounding the Tobin Tax in the context of global governance. They move on to address important global issues where international institutions play a significant role. These include trade and FDI in relation to the WTO and the reconciliation of order and justice in the international trading system. Further chapters investigate development issues and international institutions most of which were not designed for the specific needs of developing countries. They assess whether international institutions can actually help to mitigate the tendency of uneven development in the global economy. Finally the focus switches to the analysis and evaluation of one specific institution and its actions namely the Bank for International Settlements (BIS)