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...most enduring driver of economic growth. Not only are there more Chinese with money to spend, the still fragile state of the global economy makes self-reliance an imperative. "As we stand at a new historical juncture, we must change the old way of inefficient growth and transform the current development model," Vice Premier Li Keqiang, the likely successor to Premier Wen Jiabao, declared at Davos in January...

Author: /time Magazine | Title: Follow the Leaders | 3/8/2010 | See Source »

...prefers China to be like Japan: economically powerful and politically cooperative but strategically dormant and militarily inhibited. Knowing that this was never realistic, the second best outcome for Washington - captured succinctly in a 2005 speech by the then U.S. Deputy Secretary of State and current World Bank president Robert Zoellick - would be for China to demonstrate it is a "responsible stakeholder." America would ensure that China benefits from the global system of international rules and laws developed since World War II and institutions like the World Trade Organization. In return, having acquired a stake in this system, China would realize...

Author: /time Magazine | Title: Perception Gap | 3/8/2010 | See Source »

...world's oil-tanker fleet and nearly 25% of its cargo ships--should also prove immune to the financial maelstrom because of its global reach, according to Theodoros Veniamis, the president of the Union of Greek Shipowners. "Shipping is a cyclical business that operates worldwide," he says. "The current crisis won't have a direct impact...

Author: /time Magazine | Title: Greece's Math Problem | 3/8/2010 | See Source »

WILLIAM HAGUE, British shadow foreign secretary, calling for an increased naval presence in the region in light of a current dispute with the South American country over...

Author: /time Magazine | Title: Verbatim | 3/8/2010 | See Source »

...CURRENT...

Author: /time Magazine | Title: The World | 3/8/2010 | See Source »

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