The balance of power will follow the balance of influence
Yale Global is doing a three part series on “The Great Reverse”.
There are those who argue that history is cyclical, while others prefer to conceptualize it as an ebb and flow. As the economies of China and India continue their dizzying growth, it seems that history is preparing to repeat itself. Economist Clyde Prestowitz, in the first of a three-part series, coins the term “The Great Reverse” in reference to the projected Asian-leaning shift in the global balance of power. In his exposition of three discreet waves of globalization, Prestowitz details the developments that facilitated the rise, fall, and rise, once again, of the East’s global influence. And if history is any indicator, India and China may, in the coming century, compete for the title, “World Economic Superpower.”[Yale Global]