January 15, 2014
Yes, it’s true that the West no longer enjoys the relative global economic dominance it had even just 10 years ago. But that is far more about the rest of the world doing better than it is about the stuttering recent performance of Western economies. Improved health, more education, greater security and increased liberty are great achievements for billions around the globe—and for us too. Indeed, there are huge opportunities for the West to take advantage of a rising Rest. The United States and Europe have already benefited from stronger trade and investment links with the developing world over the past 10 years. Over the next two decades, the potential for greater prosperity at home thanks to a stronger and safer world abroad will be even larger. Yet you wouldn’t know it from all the handwringing of those warning us incessantly of the West’s inevitable decline and fall.