Shifting the balance

摘要

Just under ten years ago, during the emerging-market financial crises, Time magazine ran a cover headlined "The committee to save the world". It showed Alan Greenspan, then chairman of the Federal Reserve; Robert Rubin, the treasury secretary; and Larry Summers, his deputy. Inside was a breathless account of how this trio of Americans had saved the world economy from calamity by masterminding imf rescue packages for cash-strapped Asian countries through weekend meetings and late-night conference calls.