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The End of Superpowers?

Question: What makes you optimistic about\r\n the 21st-century\r\neconomy? \r\n\r\n

Edward\r\nTse:  You know, as China,\r\nyou know, continues to rise and perhaps India and a few other sort of \r\nso-called\r\nemerging markets I think we’re seeing a redefinition of the global \r\ngeopolitical\r\npicture.  I think you know we will\r\nevolve more from a you know single superpower to perhaps multiple power,\r\n maybe\r\nnot superpower, but sort of multiple power picture where everybody will \r\nsee to\r\nwork with everyone else in a more closer manner and I believe that\r\nnotwithstanding a lot of discussion about you know protectionism and \r\npeople who\r\nare trying to protect this and that and so I believe the world will move\r\ntowards perhaps a more globalized environment where countries will have \r\nto work\r\ncloser together on a similar agenda. \r\nI think the U.S. will continue to play a major leadership role in\r\n many\r\nof these major geopolitical issues. \r\nI will expect countries like China, India, Russia, and of course \r\nmany of\r\nthe western European powers will also play an important role.  I think a large link to others is, you\r\nknow, the growth of the global multinational companies that these \r\ncompanies will\r\nwork across national borders.  They\r\nwill do businesses you know in various countries and you know in some \r\ncases\r\nthey will have to apply the global processes and systems, but in many \r\ncases\r\nthey also need to be very local. \r\nYou know, in places like the U.S. and China and Japan and India \r\nyou have\r\nto be very local, so that ability to combine the globalness of companies\r\n as\r\nwell as to become very local is going to be a real challenge of the \r\nleading\r\nmultinational companies, but I am very optimistic that you know we’re \r\ngoing to\r\nhave quite a number of these companies who can be very successful, can \r\nsort of\r\ndevelop the right model to take advantage of the globalization that \r\nwe’ll be\r\nseeing over time.

The 21st century economy will evolve from a U.S.-dominated landscape to a "multiple power" system whose success will hinge on cooperation, not competition.

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