The centre of gravity of the world economy has shifted decisively from the Atlantic Ocean to the Pacific Ocean. The latter is today the arena of the greatest trade network in the world. It wasn’t such a long time ago when Adolf Hitler’s Germany was the dominant world power, both politically and in industrial terms. But they were defeated in war and the Americans became pre-eminent for many decades. In 30 years’ time, the biggest economy will probably be China. Europe combined may be second, but Europe uncombined will be 27 economies which cannot control their own destinies. By then, China and
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