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There is much more of a sense of global balance..
But the global balance does seem to have shifted.
Fortunately, there is a real-world example that makes this global balancing act more understandable.
The global balance of power will be laid out in the open.
But one of the biggest black holes is the global balance of payments.
The global balance of power, argue many Chinese scholars, is shifting in China's favour.
These shifts will reshape the global balance of economic power, mostly for the better.
Some American multinationals with apparently healthy global balance sheets are, in fact, dangerously lopsided.
We now face not only a question of balance sheets, but a question of shifting global balance.
Thomas L. Friedman writes about a shift in the global balance of power that has allowed the rise of other nations.
It will apply to the global balance sheets of UK banks, and the UK operations of banks from other countries".
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