«What a difference a year makes. Davos 2008 has laid bare a world in which no superpower seems to be in charge. The unipolar American moment is deemed over, in part a casualty of the Bush administration's political and economic policies, in larger part the result of global economic changes that are shifting wealth elsewhere.
But we have not entered a multipolar world: China and India, though on the rise, aren't ready to take the global lead, nor can Europe do so. The consensus at Davos seems to be that we now live in a "nonpolar" world, with America too strong to stand on the sidelines, but too weak to implement its agenda alone.»