ABSTRACT
So much has been said about globalization and the need for corrective policies at this crossroads in history, that the demand for solid institutions to design, apply and develop these policies has all too often been overlooked. It was only in the late 1990s, with the Asia-Pacific economic crisis, the situation in Russia and other countries of the former communist bloc – Bosnia, Kosovo or Chechnya – that the mainstream of thought was admitting to the need for second generation reforms, that is to say, policies aimed at reinforcing institutions.
