It's almost a given notion that the global influence and weight of 'The West' is declining in favor of emerging economies. It's as simple as anything can be: as long as the emerging economies are growing more strongly than the Western ones, their influence and weight naturally increases.
However, what lies beneath are more complex streams of inter-dependencies and behavioral shifts. China is now the major trading partner of Brazil and Africa, for instance. But, rather then limiting their influence to the provision of aid, like Europe has done for so long with Africa, China is contributing in more structural ways to the future growth of African countries.
What this entails is a 'new world' where indeed the developed world will have less influence and will loose it's place as the center of all international transaction, but perhaps this is not so much a bad thing and at the least it is perhaps a prelude to a more balanced (but not yet fairer) world... interesting debate:
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