The 20 th Century has been a period of geopolitical interlinkage. It s already certain that the next century will be one of geoeconomic interlinkage. Over time, these linkages will promote prosperity and cooperation, rather than conflict. In this new era, however, a serious economic challenge in one corner of the world becomes everyone s problem. If ignored, that problem could become something far more pervasive and dangerous.
Global markets do represent a giant leap forward.
They allow us to pursue the vision of a truly global economy, one that can create unprecedented wealth for all to share in. The spread of global capitalism is their best chance to climb the ladder of growth and progress. Most emerging market leaders are well aware of the opportunities. There s nothing they want more than to harness their nations to the power of free markets, and, until the recent crisis, many had made tremendous strides. Now, however, substantial challenges have arisen.