Jun 17 2008
Reversal of fortune or lost in translation?
Not long ago, Chinese officials sat across conference tables from American officials and got an earful. I never thought that one size does or can fit all. Some officials are promoting a Chinese style of economic management that they suggest serves developing countries better than the American model, in much the same way they argue that they are in no hurry to copy American-style multiparty democracy. The results are yet to be seen or proven, but China’s way might just change the face of Africa - the west’s been trying but failed. On Wall Street, everybody or nobody all preaching the gospel of diversify, yet why would America wants the entire world look/act just like them?