More generally, the coming strife will shape the debate about the integration of the world economy.
As Russia and the other countries of the former Soviet Union move their economies away from the inefficient autarky of the Soviet era towards a more efficient integration with the world economy, considerations of trade and investment will prevail over other forces.
Policies and measures to help the progressive integration of poor countries into the world economy are among issues to be discussed by an intergovernmental body laying the groundwork for the Third United Nations Conference on Least Developed Countries, to be held next year.
Bulgaria is a modernizing country, and I know that the Prime Minister is interested in a range of reforms to create an open and transparent government, to improve trade and commerce between our two countries, as a leader in the Balkans in moving towards further integration with Europe and the rest of the world economy.
Underpinning this development is the integration of half the world's population into the global market economy, and the deepening and broadening of the capital and derivative markets.
BJP-led government has wasted most of the past 13 months congratulating itself that India has not been much affected by East Asia's economic turmoil (no wonder, given the economy's lack of integration with the outside world), it has belatedly started to offer some useful reforms.
Some of this confusion reflects a widespread misunderstanding about how China's integration into the world economy affects prices in the rich world.
ECONOMIST: Why China is not to blame for the surge in global inflation
The integration of China's 1.3 billion people will be as momentous for the world economy as the Black Death was for 14th-century Europe, but to the opposite effect.
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