World governance. Presenting his proposed new regime of trade preferences in favour of poor countries (GSP) to the press last week, Pascal Lamy described its as a "step towards better global governance". This significance was already in evidence last July when the Commission approved the general outlines of the GSP valid until 2015, which I wrote about in this column of 24 July. At present, the application regulation for the period 2006-2008 makes the outlines into operational standards,...