Implications for the West

The events related in this book are the early tremors of a historic global rebalancing. However, it is not governments and multinational corporations but rather thousands of individual Arab and Chinese traders that represent the first tremors of change. It is a change occurring at the grassroots level. The distinction is important. Who notices the activities of an Arab trader in Yiwu or a Chinese trader in Damascus? It isn’t obvious how their activities have a meaningful impact on life in America and Europe. But these traders are symbolic of more powerful tides that are reshaping the global economy. The challenge is trying to identify the forces at work as the center of gravity starts to shift away from the West toward the East. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Center (category theory) · Center of gravity · Economics · Economy · Geodesy · Geography · Physical geography · Chemistry · Geology · History and Developments in Astronomy

• The World Economy

  Angus Maddison•Development Centre Studies The…•2003

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