On July 29th 2006, the Economist focused on the future of globalization. The image of a ship-wreck was supposed to epitomize the impossibility of finding an agreement on agricultural subsidies at the Doha round. For the first time ever, a WTO meeting concluded without having reached a common position consequently disappointing those who equated economic growth and world stability with the increase of exchanges. Created in 1944 at the Breton Woods, meeting along with the IMF and the IBRD known today as the World Bank , the GATT , ancestor of the World Trade Organization was set up to prepare to face the aftermath of the war.
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