Power Shifts

Emerging markets emerged, geopolitics fractured

Author(s): Matthew Hulbert
Editor(s): Daniel Möckli
Series Editor(s): Andreas Wenger, Victor Mauer
Book Title: Strategic Trends 2011: Key Developments in Global Affairs
Series: Strategic Trends
Pages: 11-33
Publisher(s): Center for Security Studies (CSS), ETH Zurich
Publication Year: 2011
Publication Place: Zurich

Emerging markets have recovered from the economic crisis far better than the West. As geoeconomic power is shifting East, it is questionable whether China should still be coined as emerging. Yet it is not just on the geoeconomic level that emerging markets matter, but in the geopolitical realm. A debt-ridden US will stagger on, Europe will falter, new powers will rise on Beijing's commodity back. No common rule book will be found, and no cohesive blocs formed either way. Entropy will become the defining feature of a fractured international system.

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