The world keeps on slipping, slipping, slipping . . . into the future

SPECIAL REPORT: "A bigger world: A special report on globalisation," The Economist, 20 September 2008.

Slew of cool charts showing the rising profile of BRIC companies.

The judgment that "emerging markets are producing examples of capitalism at its best."

YES, The Economist ACTUALLY SAID THAT!

Very sensible counter-fad article on "why rich-world multinationals think they can stay ahead of the newcomers." So please go easy on the post-Western, post-American buzz, because it's been predicted before many times.

Final bit is dead on: "Opportunity knocks, as long as the protectionists don't spoil it," with a great citation of the Baumol book, Good Capitalism, Bad Capitalism, which I use in Great Powers.

Comments

[farhad]

When the dusts have setteled,we have to see,is this world is goingto be the same?,is U.S is going to be the same?or the destiny of humanity is going to turn a page?we have to have answers for all these questions,we have to predict,not by prescribing or trying to magicly see the future,but by understanding the historical rules andelements that governs these changes.unlike post modernist that say;we should follow everything daily,there is no rules,no past history isimportant,and that we can't perdict the future by these rules sets.After the effect of this melt down,we have to ask,is U.S able to startanother major war(like WWII,that it benefited enormously),or is it impossible due to its nuke nature involved.or is it only able to carry this small war on terror in middle east.it is true that militery-kaynsian(ism) can help the economy short term,but after a while,like now it has a negative affect on the economy,and the situation in Iraq,Afganistan,Pakistan is becoming a burden,and is starting to spiltthe "allies";like Brown and british commander say different than U.Sin Afganistan,which is to negociate with Taleban.We have to see theaffect of this meltdown in all east Europe,which like Iceland are hit hard,and the heaven they dreamed, is disapearing before thier eyes.