News stories by Pascal Lamy (*)

The relative dynamism of emerging economies over the past several years has meant that these countries, many of them in Asia, have come to play an ever-growing role in the world and to account for a larger share of economic activity. Adjusting politically and organisationally to shifts in economic power takes time. As we work towards a new equilibrium in international cooperation, new relationships and leadership patterns will inevitably emerge, just as they have throughout history.