A funny thing happened on the road to globalization.
It became a two-way street, not a one-way trade superhighway for the developed economies.
The change in traffic — which loosely corresponds with China's entry into the World Trade Organization in November 2001 — has been gradual and subtle during good economic times, but has become stunningly obvious since the arrival of the financial crisis in 2008.
"What we have to to realize is that the dynamic of the whole global economy has changed very dramatically," says Jorge Heine, a Chilean politician, diplomat, policy expert and co-author of the book "The Dark Side of Globalization". "Growth and dynamism is now from the emerging economies. They are the new players."
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