Its importance in the global economy is likely to increase, and it is probable that, one way or another, its growth will result in its playing a more decisive role in the international economy and in international economic institutions. Finally, we need to remind ourselves that geopolitical factors will play a critical role in the unfolding of that process.
6  See World Bank (1993) for an early attempt to define the sources of East Asian growth. 7  At this point, the reader will recall the supposed remark by Chou En-lai that it is too early to assess the importance of the French revolution.