Inasecond inaugural address tinged with evangelical zeal, George W. Bush declared: "Today, America speaks anew to the peoples of the world." The peoples of the world, however, do not seem to be listening. A new world order is indeed emerging - but its architecture is being drafted in Asia and Europe, at meetings to which Americans have not been invited.

Consider Asean Plus Three (APT), which unites the member countries of the Association of Southeast Asian Nations with China, Japan and South Korea. This group could become the world's largest trade bloc, dwarfing the European Union and North American Free Trade Association. The deepening ties of the APT member states are a big diplomatic defeat for the US, which hoped to use the Asia-Pacific Economic Co-operation forum to limit the growth of Asian economic regionalism at American expense. In the same way, recent moves by South American countries to bolster an economic community represent a clear rejection of US aims to dominate a western-hemisphere free-trade zone.