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The World in 2009

Inside this issue

• The economic crisis has destroyed many rules the world has been using – the only certainty now is pain

• A political and social challenge for China’s leaders lies in wait in the year of the ox - -

Content

Consensus melts as the crisis heats up

As business and political leaders meet in Davos, Gideon Rachman pinpoints the hot topics that are dividing the world

Obama focuses on the mountain yet to climb

The new president is determined to tackle the biggest issues, says Chrystia Freeland

A chance to come in from the cold

Philip Stephens asks whether Barack Obama can capitalise on the world’s goodwill

Protectionism is waiting to exploit economic weakness

This year could be a turning point for global policy, writes Alan Beattie

Need for action could imperil single market

The crisis is a challenge – and an opportunity, says John Thornhill

Bankers and bureaucrats seek a new philosophy

Governments must look beyond the gloom to an exit strategy, says Gillian Tett

Pain is new force for global unity

Chris Giles says apparent certainties have been replaced by precariousness

Sources of needed cash scared off

Losses have left many of the funds suspicious, writes Henny Sender

Higher taxes considered to spur spending

Governments wary of stimulus packages are looking at the alternatives, says David Pilling

Obama has the chance to remedy regional wrongs

Diplomacy will receive more emphasis, writes Roula Khalaf

Brown finds renewal in crisis

Physics comes back to fore

Retrenching is bad news for renewables

Risks rise in shift to a multipolar world