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TO QUESTION whether America is back suggests that it had moved away from a place where it would have ordinarily been found. For many decades, America was usually found at the very front of the queue of global leadership in a multiplicity of spheres. America led the liberal international economic and political order; it led in creating and underwriting global norms; and it led in creating, shaping and influencing the institutions of global governance. At times, its efforts did more harm than good, but at other times, without America’s leadership, many problems facing the world would not have been solved.