While the grim effects of the 2008 financial crisis still resonate across the globe, the recession wasn't all bad: it triggered fundamental economic restructuring, and the result is a U.S. economy poised to emerge stronger than it was before. Although it's too soon to say with certainty, even Europe may come out ahead.
Soviet options in East Asia are limited by the USSR's lack of economic influence, but Gorbachev's new flexible diplomacy has led to limited advances. Discusses current relations with China, Japan, and the two Koreas, noting that influence in the Pacific region's economy is likely to be marginal for the next few decades. Concludes that prospects are good for a reduction in tension in the region.
In a bid to end its dependence on foreign intellectual property and become a global power in science and technology, China is attempting to foster indigenous innovation. Are the U.S. government and business community right to be worried about threats to free trade and intellectual property rights?