In many parts of the world, there is a growing concern about the retreat of the United States from global leadership in the economic, political and military arenas. In the international economic area, American leadership in the International Monetary Fund and the World Bank is of acute concern. For example, Kevin Rafferty, former World Bank official, writes that ?The United States has lost its way and is rapidly forfeiting claims to global financial, economic, political and moral leadership . . . Not for the first time, Obama has shown he can talk eloquently, but does not have a political clue how to get things done.? Although provocative, Rafferty?s statement is not unique. There is the perception among many of the world?s leaders that the US is disengaged and failing to provide the kind of leadership it has consistently done since World War II.