For these reforms to be sustainable, it is important that they are even handed as between those who shape the forces of globalization and those who have to adjust to the forces of globalization. EMEs in the global context 2. Before I get to specific issues, let me make a brief comment on EMEs in the global context.
The shift in the global balance of power in favour of EMEs is by now a familiar story. It may be useful to put some numbers around that.