The World Trade Organization's precipitous decline into irrelevance should serve as a warning to the International Monetary Fund's shareholder governments, its management, and everyone who values multilateral economic cooperation. In a rapidly changing world, global institutions must reform or die.
propose incremental changes to keep developing and emerging economies on board and engaged.
The old Europe of the Cold War sought comfort in the past and confidence in the solitary US leadership that defined the era. Unfortunately, when it comes to its own security, Europe seemingly remains in a time warp, stuck somewhere before 1989.
laments that nostalgia for US leadership unites a continent that must define the decisive action needed now.