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The World 2010

Inside this issue

• Both the US and the EU are weaker than they were

• Can Asia replace American consumers?

• The Middle East is facing key political and economic issues - -

Content

Unease overshadows a sense of relief

All eyes are on Davos as a shift in the global balance of power makes itself felt, says Gideon Rachman

World economy: After the crisis comes the hangover

Global rules to regulate financial services are some way off, says Chris Giles

The long road to sustained recovery

The immediate challenge ahead is creating a decent recovery, Martin Wolf writes

Leadership: Leaders must live up to their promises

Stefan Stern asks whether those who guide us can save us, especially now

Environment: UN hopes to pluck a deal from Copenhagen’s chaos

Denmark also saw some successes, says Fiona Harvey

The US: A worried Obama should worry the world

The president has been weakened, says Edward Luce

Afghanistan and Pakistan: Political will and local compromise are crucial

James Lamont reports on efforts to bring security to two fractious states

Europe: EU’s global ambitions face more local tests

The destiny of the continent is uncertain, says Tony Barber

The UK: British body politic prepares for battle over the deficit

George Parker on the run-up to the UK elections

China: Relations with US come under new strain

Geoff Dyer reports on signs of unease between Beijing and Washington

Australia: Proud of its seat at the top table

Asia: Consumer spending starts slow shift east

Africa: Chinese investment has put Africans in the driving seat

Russia: Bright spots give hope in flawed economy

Soccer: Beautiful game sees benefits of globalisation

Emerging powers: Rising stars vie to outshine

Iran: Non-nuclear hopes may be turned to dust

The Gulf: After the credit shock, a year of stabilisation is in prospect

Israel: Middle East set for another fraught year