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Memo: Issues for the Future that people believe is fair. Political parties, and democratic contestation between them, has traditionally been an important way to balance the myriad interests of society. Moving to a world in which NGOs duke it out in a relatively unstructured manner will actually represent a step backwards. It is not clear that there are at present any particularly good alternative models for how to do international governance in the future. It is unlikely that any one model will suffice; assigning Internet domain names is a different problem from environmental regulation and may require an entirely different institutional approach. Two things are clear, however: first, that the globalized world of the future will need international governance mechanisms, and second, that the institutions we have today are too inflexible and slow to do the job adequately. One of the marks of political leadership is to leave behind not just good policies, but sound institutions that will serve as the basis for sound policy in the future. In this respect an important institutional deficit needs to be addressed. 2/20/00 Confidential 3

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