“We've had a couple of hundred bad years, but now we're back."

Clyde Prestowitz of the Economic Strategy Institute has a fascinating post of his blog concerning the “Return of Asia”.

”If we look back at history, it seems that there are often long periods when nothing seems to change. And then at particular moments an unexpected shift occurs. A previously unknown gate swings open, and everything changes very quickly….The big question of our time is whether the leaders of the major countries and mankind in general will have the wisdom, foresight, and patience to adapt to these unprecedented changes.”

Prestowitz is the author of Three Billion New Capitalists: The Great Shift of Wealth and Power to the East.