The risk is that failure to agree on a new wave of openness during a period (the past two years) in which the world economy has been growing at its fastest for three decades, with more countries sharing in that growth than ever before, will set a sour political note for what may well be tougher times ahead.
Now, this same mindset is catching on in China, and as the fear of failure goes away, we may see another golden era for startups in China that outdoes the first wave from 2004-2008.