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The West overshadowed the East as the nation's economic pivot.
Furthermore, most fundamental economic pivot points are poorly understood by people at the time.
THE map of the modern Middle East, a political and economic pivot in the international order, is in tatters.
Shift your mind-set eastwards to the new fulcrum of the future, China and Brics, remembering that South Africa is its economic pivot, Nigeria is not to be trusted, while all others are inconsequential (as most are not of Africa).
Now, Beijing – which recently lured British chancellor George Osborne to the resource-rich region – is fighting to promote a more dynamic image of Xinjiang, which president Xi Jinping has placed at the heart of an economic "pivot west" towards Central Asia.
Clinton also championed Obama's 2011 call for a strategic and economic "pivot" to Asia and the Pacific Rim, and she supported the Trans Pacific Partnership, an ambitious 12-nation trade deal then being negotiated.
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Japan's incoming government has already signalled an economic-policy pivot, relying on what it directly controls (fiscal policy), together with pressure on the Bank of Japan to relax the monetary-policy stance, in an effort to generate faster growth and higher inflation.
The president was scheduled to leave Saturday for Indonesia and Brunei for a series of summits with other world leaders, diplomacy he has prioritized as part of his attempt to "pivot" economic and military resources to the western Pacific region.
Nearly four months into his presidency, Mr. Obama has begun to describe a pivot from economic crisis to economic recovery.
The centrepiece of the economic aspect of the pivot, a regional free-trade agreement called the Trans-Pacific Partnership (TPP), is still not a done deal.
And he has given himself the opportunity to pivot the economic debate away from deficits and back to jobs, where he has an eminently sensible (and moderate) proposal, the American Jobs Act, awaiting congressional approval.
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