Global Economy

Is Washington’s post-Cold War “unipolar moment” over? Some claim that multipolarity has been with us for some time. Others are not so sure, pointing to the United States’ continued economic and military dominance. But even if the U.S. remains the world’s predominant power, it may still well exist in a multipolar world.

African delegations flew to Washington this week for the International Monetary Fund and World Bank’s annual spring meetings. But those seeking a breakthrough on their key priorities—including inflation and debt distress—are likely to leave town disappointed at the lack of concrete gains made.