The Great Convergence: Asia, the West, and the Logic of One World

Author(s): Kishore Mahbubani

History

Since the 1990s, the world's economies have become ever more globalized and interdependent, but political power has not readjusted. Mahbubani shows why power must shift, reflecting the new global realities, to avoid disunity and conflict in our future. Globalization began in earnest in the 1990s with the end of the Cold War. It accelerated dramatically when China joined the World Trade Organization in 2001. Buy the time of the financial crisis of 2010 the world looked for financial stability not to the US or Europe but to China, which by then owned most of those countries' debt. It has been a remarkable, and remarkably quick transformation. But global politics has not followed global economics. Global political structures seem to belong to the 1950s, an era in which Western dominance was presumed and Asia almost entirely absent. The US and Europe have a majority of votes at the International Monetary Fund, which is how a disgraced French president of the fund was succeeded not by a Mexican or Indonesian, but by a compatriot Frenchwoman. The President of the World Bank is traditionally an American. Why? In G8, and even G20 meetings, the West usually has a majority of voting members.
Why? Mahbubani shows that in global institution after global institution power is skewed in favor of the West, and argues that it is no longer just or sustainable. Moreover, he sees the main risks to the globe in the twenty-first century in the unresolved contradictions between the need for a one-world view and the ever more local, and locally shrill politics of national self-interest. There are the grounds for disunity, incomprehension and even disaster.

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Fareed Zakaria, author of "The Post-American World""Kishore Mahbubani has done it again. He has written a book that is provocative, engaging, and always intelligent. He brings a crucial perspective to bear on global affairs, rooted in the rise of Asia but with an understanding of Europe and America as well. Rudyard Kipling said, 'East is East and West is West and never the twain shall meet.' But they do in this book."
Kofi Annan, former UN Secretary-General
"In exploring the tensions that arise as our global community draws ever closer together, Kishore Mahbubani provides a compelling reminder that humanity is strongest when we work together for the benefit of all."
Nouriel Roubini, Professor of Economics at New York University's Stern School of Business and Co-founder and Chairman of Roubini Global Economics
"While I remain pessimistic for the global economy in the near-term, I share Kishore Mahbubani's long-term optimism for our world, including the emerging powers like China and India. The world order must now reinvent itself to accommodate these powers. Mahbubani's timely and brilliant book explains well both the challenges to our global order and the wise solutions that are at hand. We can create a better world. Mahbubani's book explains how. I strongly commend it."
Lawrence H. Summers, Charles W. Eliot University Professor of Harvard University, Harvard Kennedy School
"Most of the great errors in foreign policy and diplomacy come from a failure to understand the perspective of other nations. And this is a besetting problem for superpowers like the United States. That is why whether they like it or not, whether they agree or disagree, it so important that Western and especially American policymakers read this important book presenting a perspective on the global trends that is very different from their own."
Joseph S. Nye, Distinguished Service Professor, Harvard University, and author of "The Future of Power"
"Kishor

Kishore Mahbubani is dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore. With the Singapore Foreign Service from 1971 to 2004, he had postings in Cambodia (where he served during the war in 1973-74), Malaysia, Washington DC and New York, where he served two stints as Singapore's Ambassador to the UN and as President of the UN Security Council in January 2001 and May 2002. He serves on Boards and Councils of several institutions in Singapore, Europe and North America, including the International Institute for Strategic Studies (IISS) Council, the Asia Society's International Council, the Yale President's Council on International Activities (PCIA), and the Singapore-China Foundation - Scholarship Committee.articles have appeared in a wide range of journals and newspapers, including Foreign Affairs, Foreign Policy, The Washington Quarterly, Survival, American Interest, the National Interest, Time, Newsweek and New York Times. He has also been profiled in the Economist and in Time Magazine. Prof Mahbubani was also listed as one of the top 100 public intellectuals in the world by Foreign Policy in November 2011.

General Fields

  • : 9781610390330
  • : The Perseus Books Group
  • : PublicAffairs,U.S.
  • : 0.544
  • : 31 January 2013
  • : 236mm X 157mm
  • : United States
  • : 01 March 2013
  • : books

Special Fields

  • : Kishore Mahbubani
  • : Hardback
  • : Feb-13
  • : 304