The collapse of the Soviet Union in 1991, the ratification of the North American Free Trade Agreement in 1992, the creation of the World Trade Organization in 1995 and China’s accession to it in 2001 appeared to set the stage for a decisive and final global victory for the political ideals of free-market capitalism, democracy and individual freedoms over isolationist authoritarian rule.
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Rob Fox is the director of CoBank Knowledge Exchange.
CoBank is a $158 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. It’s a member of the Farm Credit System. Visit www.cobank.com for more information.





