Globalisation Has Created A Chinese Monster
Confidence in globalisation saw massive amounts of Western capital and intellectual property flow to emerging markets, above all to China. But few in the West registered the geopolitical significance of this at the time. Instead, they praised the economic growth story. And not without good reason: the integration of China into global markets lifted a billion people out of poverty. It remains a testament to the material benefits of removing geopolitical obstructions from the development of global business.