Global Regionalisation and Integration in Eurasia
Within the last several years, there has been much talk about the crisis affecting the Western-centric models of globalisation that have developed since the end of the Cold War. Towards the middle of the 2010s, the US, which had once provided the impetus for globalisation, had come to the realisation that its main beneficiary was its ideologically alien and increasingly ambitious trading partner China. The result was a rise in protectionist sentiment in the Washington establishment, as reflected in the policies of the Donald Trump administration. But at the same time, global institutions such as the WTO and the IMF are experiencing a crisis of their own; the regional trade agreements and development banks are playing an increasing role.