Agreed, Yudhvir. The development policies of organizations like the IMF and WTO seem built to increase corporate profits and the wealth of the elite without doing much to actually improve the status of the citizens of developing countries.
Prof. Reich, I wonder what your views are on these organizations and ways in which they could be altered to create a more egalitarian system. Friends of mine work for them and they have commendable ideals... and yet.
Beyond that, how do you propose any such changes be regulated or legislated? In terms of democracies, how does civic engagement help when power is held by transnational institutions not accountable to the public?