Financial Times FT.com

The selfish hegemon must offer a New Deal on trade

By Jagdish Bhagwati

Published: August 19 2008 18:32 | Last updated: August 19 2008 18:32

Ingram Pinn illustration

In the 1980s, Japan was feared in the US to be a lethal combination of Superman and the evil genius Lex Luthor in a classic case of what I have called the Diminished Giant Syndrome.

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