Bloomberg BusinessWeek
May 24, 2012
It’s a cliché that the Pacific Ocean is displacing the Atlantic, that China will replace America at the top of the world’s hierarchy of power, and the East will surpass the West. The cliché is also wrong. The multipolar world we are entering will have no single winner, and the three-pillared West of the European Union, North America, and Latin America remains a triangular zone of peace and foundation of global stability.
But a world of continued Western power is not a world of Western dominance. Areas once considered the West’s eminent domain such as the Middle East and Africa are now looking East for investment and exports, and new models of growth, development, and governance. It would not hurt for the West to do the same.
It can start by looking at Singapore, to which the two of us are relocating shortly.
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