Word: eastward
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...country, certainly more cohesive in its top leadership than the conservative political faction, which has seen spats between the Supreme Leader, Ayatullah Ali Khamenei, and Ahmadinejad. The Revolutionary Guards leadership has a vested financial interest in isolating the Islamic republic from the West - and focusing its sights eastward toward places like China. Indeed, some observers believe the IRGC's economic functions may eventually turn it into an entity like South Korea's government-supported chaebol or multinational conglomerates that were key to that country's modernization, albeit in controversial ways...
...Numbers alone do not capture the sense that the balance of global economic power is shifting eastward. There have been several moments that seemed to crystallize the zeitgeist, none more memorable than U.S. Treasury Secretary Timothy Geithner's speech in June before the best and the brightest at Peking University, the Harvard of China. Not long ago, students there would have been the most respectful and polite of audiences. Yet when Geithner tried to reassure one questioner that China's investments in U.S. government debt were "very safe," the response was perhaps an indication of the onset...
Officially, Moscow says it doesn't mind the U.S. having friends among the former Soviet satellites. But Russia draws the line at either Ukraine and Georgia joining NATO. NATO's eastward expansion since the end of the Cold War - it now numbers three former Soviet Republics among its members, and most of the East European states that were once bound to Moscow in the Warsaw Pact - has been a dreadful blow to Russian pride. Dimitri Simes, president of the Nixon Center, believes a quiet agreement is possible: "Privately, Obama can tell the Russians that there are no plans...
...they may have had their doubts about EaP even before that. Fabio Liberti, a European affairs and security expert with the Institute of International and Strategic Relations in Paris, notes that the calls to push the E.U.'s influence eastward was devised by certain member states - above all Poland and Sweden - to counterbalance the Mediterranean Union that Sarkozy initiated last year to reach out to Europe's southern neighbors. Even that, Liberti says, was fueled by France, Italy, Spain and Greece trying to shift the E.U.'s center of gravity back towards the middle of the continent after the fall...
...style economies - most in need of more emergency funding to prop up their credit-dependent markets, but they are also viewed as migrant threats to other E.U. nations already facing escalating unemployment. Not surprisingly, such factors have fueled a rise in the sentiment among old E.U. nations that recent eastward enlargement was a mistake...