By Fareed Zakaria
After World War II, the United States confronted communism, but it also built a stable world order by creating institutions that set global rules and shared power — including the IMF, United Nations and World Bank. The urgent task is to expand those institutions to include Asia’s rising powers.
If Washington does not do this, it will strengthen the voices, especially in China, who say that Asian countries should not try to integrate into a Western framework of international rules — because they will always be second-class citizens — and instead should bide their time, create their own institutions and play by their own rules. At that point, we will all deeply regret that we did not let these countries into the club when we had a chance.