Very sightful notion! However, I wonder what do you mean by the 'emergence of new strategy'? Now, Korea and China are both suffering so called 'vested interests' very badly. Without correcting the problem, those countries will not be able to move forward. For example, widening gap of wealth is now preventing korean people from cooperation which was one of the most valuable virtue that have enabled the country to develop very fast. Now, politicians are attacking big company group (so called Chabol) in order to buy votes. What could be new strategy for them?
Very thoughtful article! Risks are shown from the US, Europe, China, to Middle East and other emerging economies. The problem, I think, is where to find growth. Without it, the world economy will go around vicious cycle form debt to quantitative easing. We're in a very thick mist, dismayed at economic failure, let alone political failure. Whenever we face confusion, we need to rely on history, where we can find some hints and sigh with a little relief that such a calamity always happens, but humankind always find a way to circumvent it. It's time to pull ourselves up and remind ourselves that "we can do it". Hit the road to find "HOW"