2008: U.S. Eclipsed Amid Marked Changes in World’s Political, Economic Landscape

The United States has been acting as the world’s only superpower in 2008, but the financial turmoil, which broke out in Wall Street in September, showed its vulnerability.

In addition, the country is still deep in trouble with its wars in Iraq and Afghanistan, which has undermined its international image.

Pedestrians walk pass the New York Stock Exchange. US share ...

The world has undergone remarkable changes this year, but international security situation on the whole remained stable with “peace” and “development” prevailing as the themes of the times. 

 In 2008, the world has continued moving toward multi-polarization, resulting in a distinctive shift of international forces. Globalization is developing in depth and regional cooperation is gathering momentum.

By Sun Ruijun and Bao Erwen
Xinhua

BeijingOlimpicGames2008-08-08.jpg
Above: Opening of Beijing Olympics

The world has been confronted with one hotspot issue after another and non-traditional threats are increasing. The world economic growth took a turn for the worse due to the outbreak of the global financial crisis.

Read the rest:
http://news.xinhuanet.com/english/2008-12/28/content_10571543.htm

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