Lessons from 2015, for today:
The world is entering a new economic era—one that won’t be defined by America.
This past March marked a radical turning point for the global economy, particularly the United States’ economic dominance.
China proposed the launch of the Asian Infrastructure Investment Bank (aiib)—a new, Chinese-run international bank specifically designed to challenge U.S. global economic leadership. America tried to convince other nations not to agree to join. But it failed—even with its closest allies.
For the U.S., it was an unmitigated disaster.