"Empires of the Future"
Philip Stephens, Financial TImes | December 19, 2008
Barack Obama, financial crisis, resurgent Russia, G20, Western decline, climate change - in the season of global predictions, current discourse is driven by these and other such catchwords. ++ Yet, predictions from December 2007 were of little value: none predicted the financial collapse, none an Obama victory, nor any vastly fluctuating oil prices or governments' failure to keep pace with global integration. ++ Now in the throws of a changing world order, understanding the present provides the only clear direction for the future.


