Leslie Gelb is the president emeritus of the Council on Foreign Relations and a Council Board senior fellow. He was formerly a New York Times columnist and senior official in the US State and Defense Departments and is the author of the forthcoming Power Rules: How Common Sense Can Rescue American Foreign Policy.
In the year 2040, there was a peace previously unknown in the world. Each and every nation was content; there were no wars. This peace was not the product of globalization or democratization or new and creative international institutions.
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New research from the McKinsey Global Institute suggests that the forces fueling growth in financial markets have changed.
Zhou Xiaochuan, China's central bank governor, calls for a new world currency, in a March 2009 speech.