The western world is experiencing a process of portfolio rebalancing, reversing the golbal ranking of growth rates. Former champions are now limping around the track; former turtles are sprinting like gazelles.
China will have to move away from a strategy in which manufactures are the engine of growth toward the model of a more mature economy, in which employment is increasingly concentrated in the service sector.
Fear may be a great motivator in the short term, but it is a terrible basis for making smart decisions about a complicated problem that demands our full intelligence for a long period, like global warming.
The G-20 is focusing on the need to "re-balance" financial flows, altering the old pattern of US deficits matching Chinese surpluses, instead requiring America increasing its savings and China increasing domestic consumption.
The United Nations' General Assembly is the world's only body in which all countries vote, with majority rule prevailing.
While the US remains the world's most powerful single country, it cannot maintain, much less expand, international peace and prosperity on its own.
Three years after Mexico's full-scale war on drugs, the main question was whether the US was to blame for Mexico's drug war. I pointed out that neither the US nor Mexico was to blame; only President Felipe Calderón was.
Abrupt changes of prime minister are practically an annual event in Japan nowadays, as Hatoyama's resignation marks the fourth sudden transfer of power to a new leader in the past four years.
Imagine that Googling an address gave you a list of the closest buildings, ranked by distance. That is beginning to change. The online world has turned its attention from searching to social networking, search is getting interesting again.
Judging by Iraqi politicians' inability to form a new government months after national elections, their failure to provide essential services, and, above all, the continuing deadly violence, nation-building in Iraq is far from complete.
In the past two years, two dangerous episodes of financial instability and sudden changes in market dynamics have hit the world economy. More are likely, such as the sovereign debt and the structure of global demand.
The perpetual seesaw in Latin American geo-politics is more vibrant than ever. Sooner or later, this will constitute a major challenge to the hemispheric community.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
