World Bank moving towards more participatory approach

Earlier this week I went to an event attended by various senior policymakers discussing global risks and the inadequacy of the international system to deal with them. The discussion went along predictable lines for the most part, but there was a glorious moment when a senior World Bank executive said:

Clearly, it’s national sovereignty that’s the problem. And I think we’re getting to the point at which we have to have the main global decisions taken by the experts, not by politicians. I mean, if you’re on a plane and it’s crashing, who do you want in the cockpit: the pilot, or a committee of the passengers?

Ladies and gentlement: the World Bank. They’re here to help.