On page A23: Brzezinski,former national security adviser to President Jimmy Carter, is the author of "Second Chance: Three Presidents and the Crisis of American Superpower." He writes:" The effort to resolve by negotiations North Korea's defiance of the global nonproliferation regime may yet prove successful. If so, does that experience offer a guide for coping with the challenge posed by Iran's expanding nuclear program? Would a comprehensive dialogue on this issue between US and China be useful? It could be timely and historically expedient. I would concur with his reasoning.
On the economic front,Henry Paulson,Jr. is going to China again. He is familiar with economics in banking with his expertise as a investment banker in the past. In this connection,I wish to cite a new book entitled "Banking on Global Markets" by Chris Kolrak of Columbia University. He also published "National Cultures and International Competition." Here I can detect Chinese culture to have impacts effecting the market system in globalization. In other words,international cooperation would be furthering developments and any conflict would hinder endeavors since international banking evolved from businesses to domination by enormous transnational markets. For instance,Ping An Insurance,China's second largest life insurer,bought a 4.18% stake in Fortis for about $ 3 billion, becoming the Dutch-Belgiam financial service firm's biggest shareholder. Such access would gain success in the Chinese market. Words for the wise readers would be sufficient to see the happenstance. Francis Shieh a.k.a. Xie Shihao on Nov.30, 2007