Reform of the international institutions : the IMF World Bank and the WTO The seemingly endless problems encountered by the IMF WTO and World Bank provide major reasons for seeking reform. However an additional impetus is the changing balance of economic power in the world. The volume begins with an overview of the Bretton Woods and international trading systems. Following this are discrete in depth discussions of the three institutions from American and European points of view. The authors emphasise the need for making the IMF and World Bank more regional in structure and like the European Bank more frugal in the lifestyles of their officials. Similarly they call for a narrower focus in the mission of the World Bank and the IMF. In the case of the WTO they call for a democratic reform of the organisation comprising participation by experts and above all better representation and support for Third World countries