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Politics

Daniel Twining: Upending the new global order

The world has a new G-7. The Group of Seven once comprised the world's leading industrialized economies -- in North America, Europe and Japan. Now, the International Monetary Fund calculates the combined gross domestic product of the seven biggest emerging powers exceeds that of the G-7 developed nations, on a purchasing power parity basis. This finding turns our mental map of the world upside down -- and requires American and Japanese foreign policies to navigate a new era.

Power shift

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