
“The System Worked.” That is the title of a new book by Daniel W. Drezner reviewing the role of institutions such as the International Monetary Fund and World Trade Organization in the global financial crisis. Although the world economy tanked in 2008, Drezner argues, multilateral organizations helped save it from collapse. It is unlikely that anyone will write a book about the current wars in the Middle East and Ukraine with a similar title. A pithy summary of the United Nations’ rifts over Syria or NATO’s inability to halt Russia from seizing Crimea could be “the system flopped.” While the […]