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Remember the triumph of Anglo-Saxon capitalism? Not many do. The nations that inspired the late-20th-century boom in global trade and profited most greatly from its advance no longer define its rules. What the radical individualists of the United States and Britain failed to recognize was how few poor nations had joined the global system by the turn of the millennium: two dozen at best. More than 100 were left out. Now, as more poor nations join the international trading game, they have increased their share of world trade by more than half. They are demanding a greater say in the global system, led by nations that most opposed the "Americanization" of global trade and culture: India, China, Brazil.
This new force looks to Europe for inspiration. As a result, the governors of ...