Kishore Mahbubani, a fellow at the Asia Research Institute of the National University of Singapore, in a recent interview with Australian think-tank ADC Forum, pointed to the 2008-2009 financial crisis.
The crisis began with investment bank Lehman Brothers' collapse in New York, and caused tremendous damage to economies around the world, but nobody suggested that other countries should get compensation from the United States, he said.
"What we should learn from this is that, instead of being punitive to the countries that suffered it first, we should immediately help the countries that get affected first. Because if we don't help them, we will get affected," he said.
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