Crisis and the retreat from Globalization in asia

During the annual spring meetings of the WB and the IMF in April 2006 Sebastian Mallaby, the influential economic columnist of the Washington Post, made this observation:

Noting that “trade liberalization has stalled, aid is less coherent than it should be, and the next financial conflagration will be managed by an injured fireman,” he concluded that “the great powers of today are simply not interested in creating a resilient multilateral system.”