China’s projected 9.6 percent growth rate is sending ripples to the farthest reaches of the planet-creating opportunities but also significant risks. While some developing countries are succeeding in bringing hundreds of millions out of poverty, too many are still mired in a doom spiral of conflict, poverty, and disease- despite the entry of new philanthropists, advocates and global corporations into the field of development. Concerns about energy security and climate sustainability are converging-finally bringing consensus in sight on the need for action in the United States, but prospects for breaking the global stalemate are still years away. The beginning of 2007 offers a conflicting picture of the global economy for those trying to discern trends, challenges and opportunities.
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