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China economic dominance is no guarantee

First published:, 18/01/2011

It is no wonder that we in the West feel glum when considering our economic prospects.

Heavily indebted, overstretched financially and militarily, and now aging rapidly, America and Europe are wrestling with their diminishing influence over world events and their ability to impact the global economy.

After two centuries of European and U.S. dominance, the 21st century, so the argument runs, belongs to China. Or does it?….. more