Executive Summary

The article examines the recent proliferation of institutions worldwide, looking first at the global expansion of the international institutions and then at the growth of independent regional institutions, whilst recognising that there is no clear dichotomy between the two models. Many of the major international institutions have recently expanded, or are seriously considering expansion, into new jurisdictions by setting up subsidiaries or entering into joint ventures/partnerships with regional centres. These global expansion plans seem to be driven, on one hand, by ...