Excerpt:
Washington Post:The utter collapse last weekend of a global trade conference is the latest evidence that, among developed and developing countries alike, there is simply little appetite for another round of globalization. In places where globalization has generated the greatest gains -- the United States, China and Korea come to mind -- there is a need to come up with mechanisms to spread the benefits more broadly and fairly while working off some of the excesses that show up in things such as asset bubbles and unsustainable trade imbalances. Up to now, globalization has been the project of business and economic elites who have largely foisted it on a wary or unsuspecting public. Now, from remote villages of China to a gathering spot for day laborers in Herndon, globalization has entered its more democratic phase. And it's likely to be a messy phase, at that.