Sunday, October 11, 2009


Historical Note of the Day: The end of American dominance

The economic crisis has accelerated China's emergence as a center of power, and in Pittsburgh the leading industrialized countries agreed that decisions on global economic issues in the future would have to include important players among emerging economies such as China and India.

Speaking from Istanbul, World Bank president Robert Zoellick said the crisis had brought the curtain down on the unipolar world that followed the collapse of communism 20 years ago.

—Antoaneta Bezlova reporting in "China stands firm against US market scramble"

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