This meant that the European/US economic and governance systems including rule of law democracy, entrepreneurship and property rights were seen as examples to follow.
The economic and political centers of gravitation was the North Atlantic. This is now changed. New emerging powers are challenging the world order which is still perceived according to US/European multilateralism.
Through the two world wars Europe lost his political power and the application of socialist systems weakened also the economic dominance. The multilateralism is coming to an end and a new big power games start.
Nearly all political dogmas of the last 50 year become obsolete and new orders will establish themselves. Such a transition period creates chaos and uncertainty, and this is a situation to which globally our economies and political systems have to adapt.
For the next 30 year probably the only certainty will be uncertainty.
This will be the challenge for business and political leaders to navigate through this situation.