An emerging great power opens up to the world (China, capital). Nice essay by Ezra Klenn. Meanwhile another builds walls (America, migration). What a week!
It helps answer one of the great questions for the future of the world. Namely, what sort of economic power will China be? Will it remain an inwardly focused nation concerned only with attaining rising incomes for its own population? Or will it become a major force in international finance, with Shanghai one day emerging as a financial center on par with New York or London?
