Globalisation is in good shape

According to the World Bank, globalisation is in good shape: "The World Bank's annual global economic prospects report, released on Wednesday, is a rare thing these days: a study glowing with optimism about the future for globalisation".

And this, could mean a victory to the western countries, particularly US: "Key to the report's long-term projections is the emergence of a "global middle class" - defined as those with an annual per capita income between the average in Brazil and in Italy, about $4,000 and $17,000 respectively".

And this: "These are the buyers behind, for example, the massive rise in car ownership in China's cities, which appears to reflect an obsession with car ownership as a membership badge of the country's emerging consumer class as much as it does a means of transportation along Beiing's increasingly traffic-clogged roads".