In the summer of 1997, I was asked by aleading Japanese newspaper what I thought was the most important thing that hadhappened in the twentieth century. I found this to be an unusuallythought-provoking question, since so many things of gravity have happened overthe last hundred years. The European empires, especially the British and Frenchones that had so dominated the nineteenth century, came to an end. We witnessedtwo world wars. We saw the rise and fall of fascism and Nazism. The centurywitnessed the rise of communism, and its fall (as in the former Soviet bloc) orradical transformation (as in China). We also saw a shift from the economicdominance of the West to a new economic balance much more dominated by Japanand East and Southeast Asia. Even though that region is going through somefinancial and economic problems right now, this is not going to nullify theshift in the balance of the world economy that has occurred over many decades(in the case of Japan, through nearly the entire century). The past hundredyears are not lacking in important events.
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