Monday, November 24. 2008
Zachary Karabell, in the Wall Street Journal:
The G-20 gathering of the world's major powers in Washington on Nov. 15 was only the beginning of a long and constructive process of revising the global system.
In the new system the United States will still be the largest economy but no longer the sole determinant of global economic health. The new winners will be cash and China.
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