Asia & the Pacific

"Decline is a misleading metaphor that assumes there is an organic life cycle for countries as there is for individuals. We know little about the life cycle of states. It took three centuries for the Western Roman Empire to decline from its apogee to collapse. After Britain lost its American colonies in the 18th century, writer Horace Walpole lamented that Britain was reduced to the insignificance of Sardinia. He missed the fact that the Industrial Revolution was about to produce Britain's greatest century. Put simply, we do not know where the United States is in its supposed life cycle."

"...Asia has its own internal balance of powers, and in that context, many states continue to welcome an American presence in the region. Chinese leaders have to contend with the reactions of other countries, as well as the constraints created by their own objectives of economic growth and the need for external markets and resources. Too aggressive a Chinese military posture could produce a countervailing coalition among its neighbors that would weaken both its hard and soft power. A poll of 16 countries around the world found a positive attitude toward China’s economic rise, but not its military rise."

"As the American political system hurtles toward its quadrennial encounter with the oracle of democracy, it is worth our while to take stock of the country's place in a world beset by bewilderingly rapid change. (Heaven knows none of the candidates will bother to do this.) I want to suggest that an old yet generally neglected subject remains particularly relevant: the relationship between the size of political units and the effective scale of systems of economic production and exchange. Another way to describe this relationship is by recourse to the hoary scholarly phrase "political economy", a term of art that has unfortunately gone out of style...."

"...the oil-supply problem has become worse and energy security more complex."

Power to People is the story of electricity privatization, expanding global markets, and the transformation of an industry. It is also proof of the electrifying combination of innovation and good citizenship.