Integration inside the Core is the Old money into the New markets
“Gas and Oil Bring Japanese Money to Russia’s Far East,” by James Brooke, New York Times, 30 June, p. W1.
“Developers Enter India Market—Indirectly: Ownership Restrictions Force Foreign Companies To Settle for Side Roles,” by Ray A. Smith, Wall Street Journal, 30 June, p. B6.
What defines the integration of the New Core is the willingness of Old Core economies to put serious amounts of long-term investment into these economies. It is not easy for the most part, but as that money comes in, it changes these countries’ legal and economic and political rule-sets from within.
Peace through trade? More like peace through equity ownership.
Oh, and notice how all these Core powers possess nukes, which is why I’m not—as I always like to remind—the second coming of Norman Angell.