Word: worldly
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...fully aware that American hubris and misjudgment - lots of both - have gotten us into the mess we're in. Yet at the same time, I must honestly say I'm proud of America's global achievements. Behind U.S. global expansion was an ideal of a world based on free enterprise, mutual prosperity and open societies. It was that ideal that brought my Holocaust-survivor grandparents through Ellis Island in 1949 in the hopes of rebuilding their lives and finding better opportunities for their 3-year-old daughter - my mother. These ideals have too often been trampled by greed or myopic...
...There is no doubt that China is the world's next superpower, but we sometimes forget that this is a nation that can't make safe milk, and where activists vanish from their homes. Look at how China exerts its new global influence - by backing some of the world's most odious regimes, in North Korea, Sudan and Burma. Most pundits mistakenly praise the Chinese system as blindly as they criticize the American one. Many economists ignore China's immense problems that could undermine Chinese growth in the future...
...world has been too quick to dismiss the U.S. Its political culture, though chaotic, allows for the vigorous debate that leads to self-correction, while Americans remain unparalleled in their ability to innovate. That's why the U.S. is still a beacon of hope and opportunity. The number of professionals with advanced degrees who became permanent U.S. residents in fiscal 2008 was eight times greater than...
...told him I thought there was. "The U.S. has always shown an amazing ability to change itself, to morph into new things," I said. "I'm hoping that it will do so once again." Perhaps I'm nostalgic for a bygone era. Or perhaps I just realize the world is better off with a thriving America than a declining...
Asia appears to be recovering from the global recession faster than the West. But the financial imbalances that triggered the worst economic crisis in memory could still put the brakes on the world's fastest-growing economies. So warns economist and Morgan Stanley Asia chairman Stephen Roach in his new book, The Next Asia, a collection of his essays and analysis from the past several years that foreshadowed the meltdown. The following is an exclusive excerpt from the book's introduction...