assistance to the World Bank and quit the organization. The World Bank is a multilateral institution which was establ
ished under US leadership, and guided by the US Treasury Department. Its heads have traditionally been
appointed by the US government. The World Bank reflected US global strength and was a key instrument for
Washington’s global governance, and increasing its influence as a soft power. However, currently Washington seems to de
molish the structure it built itself by exiting international organizations that signal globalism.
Based on the experiences of the late 20th century, there are several drawbacks of globalism and globalization.
First, globalization enables strong nations to consolidate their d