n.38 October 2011

In a few short decades South Korea has made an economies quantum leap. It is now in 13th place on the global now GDP list and the fourth most potent nation in Asia after Japan, China and India.

China is now the world’s leading car manufacturer, having surpassed Japan. Emerging countries are contributing increasingly to the global auto market, particularly as domestic demand grows.

The global financial and economic crisis, which started in 2007 with the sub-prime crisis, has revamped the international cooperation and role of international multilateral fora in addressing the crisis’ challenges and defining a more sustainable international economic agenda.

Seen from the outside, Macedonia can seem like a failed state. But emphasizing the negative belies some small but important steps forward.