Abstract

Tempora mutantur, et nos mutamur in illis. “Times change and we change with them” is not a new adage. More global changes have probably taken place in the last few years than at any time since World War II. The scourges of that war led visionary men and women to envisage a new world of peace and prosperity underpinned by the United Nations and its specialized agencies, including the Bretton Woods institutions. By contrast, most of the world’s recent transformations seem to have occurred by way of reaction, rather than by the deliberate design of great visionaries. They also aspire, however, to establish a new world order of peace and prosperity.