NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Economy

<i>Gwynne Dyer:</i> Revolution has already arrived

By Gwynne Dyer
Columnist·NZ Herald·
2 Jan, 2011 04:30 PM6 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

2010 was the year China overtook Japan to become the world's second-largest economy. Photo / Thinkstock

2010 was the year China overtook Japan to become the world's second-largest economy. Photo / Thinkstock

Opinion by Gwynne DyerLearn more

Fake elections in Egypt, Burma and Belarus. A massive earthquake in Haiti, devastating floods in Pakistan, and a volcano in Iceland that killed nobody but inconvenienced millions.

Something verging on civil war in Thailand, a reviving civil war in Ivory Coast, and a real civil war in Afghanistan (with lots
of foreign help).

As these things go, not a bad year at all.

There are 192 countries in the world, or 202 countries, whatever the number is this week. There are almost seven billion people. All those countries and all those people will unfailingly supply enough bad news to hold the ads apart all year, every year. It doesn't mean that the planet is really going to hell. The media will always search out what bad news there is and highlight it.

A broader view of events would report that not one country in the world was invaded in the past year. Not a single one out of 192, or however many it is. That's not bad, considering our history, and it's not just a fluke. No countries were invaded in 2009 either, or in 2008. In fact, the last time a country really got invaded was Iraq in 2003.

It is the absence of really big events (which are generally really bad events) that characterises the year. No Second Great Depression, for example (though the essential work on avoiding that was actually done in 2009). No Great Flu Pandemic. No war in the Korean peninsula despite the sinking of the South Korean frigate Cheonan in March and North Korea's shelling of Yeonpyeong Island in November.

No American attack on Iran, despite all the threatening language. No large-scale killing on the Israeli-Palestinian front, though, of course, no progress towards a peace settlement either.

No high-casualty terrorist attacks on Western countries, though lots in Pakistan, Iraq, India and Afghanistan. (Why do attacks on Western countries matter more? Because they tend to go berserk when they are targeted.)

No financial meltdown in Europe, though both Greece and Ireland have been put through the wringer. No recession at all in the emerging economies of the former Third World, which still account for less than 40 per cent of the world's economy but provided two-thirds of the world's growth over the past year.

And maybe that's the real news of 2010: this was when the new world order finally became manifest. This revolution has been predicted since economist Jim O'Neill at Goldman Sachs first grouped the big developing countries with fast-growing economies together as the BRICs (Brazil, Russia, India, China) in 2001.

Subsequent Goldman Sachs studies predicted that their combined economies would be larger than the combined economies of today's rich countries by 2050, and every update of the study has brought that date closer.

It is still probably five to 10 years away, but this was the year when China, the biggest of the BRICs, overtook Japan to become the world's second-largest economy. It also overtook the United States in 2010 to become the world's biggest producer of cars.

For all practical purposes, the revolution is no longer imminent. It is here.

This is as big an event as the end of Pax Britannica and the rise of the United States, Germany and Japan to great-power status at the end of the 19th century.

Just last year the G8, the group of seven rich Western countries plus Japan, was still at least notionally the board of management of the world economy, while the G20, incorporating the emerging economies, was a mere courtesy gesture to the new players.

This year, the G20 was where the real action was, and the preceding G8 meeting was just a regional strategy session before the big event. The consequences of this historic shift in the world's centre of gravity will play out over the years and the decades to come, but the reality and irreversibility of the change is now undeniable - even if China's economy, at the moment, is the biggest bubble in the history of the world.

Apart from that, what else can we say about 2010 that is in any way meaningful? Lists are traditional at this time of year, but there isn't really much point in a list that includes an oil spill in the Gulf of Mexico, a British royal wedding, and 33 trapped Chilean miners.

If you must have a list, go online and you'll find hundreds of the things. They all mean virtually nothing. And then there's predicting the future. The year-ender format always includes some predictions about the future, but the real future is full of surprises. Just consider what a reasonable person would have predicted, on the available evidence, in the last couple of years that ended with "10".

In 1810, all the European empires had been at war for more than 15 years, with fighting in every continent.

In the next five years, Napoleon would invade Russia and lose an army of half a million men, Britain and the United States would fight a war that included the burning of Washington and Toronto, and after Napoleon was finally defeated at Waterloo in 1815 the old absolute monarchies would come back all over Europe.

So, who would have predicted in 1810 that after a few more bad years Europe would enjoy a full century of almost uninterrupted peace and soaring prosperity, or that democracy would spread to most of the big European countries? Nobody.

Same with 1910. It was very near the end of the Long Peace by then, but nobody knew that at the time. World War I would shatter the old world in only four years' time, World War II would come only a quarter-century later, and by the end of the 20th century the European empires would all be ancient history.

Nobody foresaw it. Nobody could.

And the future? Who knows? One could seize the opportunity to bang on about the world's failure to address the threat of radical climate change, but this year's failure is not worse than last year's, nor in all probability than next year's.

* Gwynne Dyer is an international affairs writer, based in the UK.

Discover more

Travel

A world of celebrations

30 Dec 01:50 AM
Opinion

<i>Gwynne Dyer</i>: Riots spread as global food shortage worsens

14 Jan 04:30 PM
World

Palestinian poll: many prefer Israel

14 Jan 04:30 PM
Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Economy

Premium
Economy

Inside Economics: Why tomorrow’s GDP data won’t tell the real story

17 Jun 06:00 PM
Premium
Opinion

Richard Prebble: How Labour can revive its fortunes with fresh leadership

17 Jun 05:00 PM
Business|economy

Meat and dairy continue to drive food price inflation, Stats NZ data shows

16 Jun 11:28 PM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Economy

Premium
Inside Economics: Why tomorrow’s GDP data won’t tell the real story

Inside Economics: Why tomorrow’s GDP data won’t tell the real story

17 Jun 06:00 PM

Liam Dann takes a deeper dive into the week's economic news.

Premium
Richard Prebble: How Labour can revive its fortunes with fresh leadership

Richard Prebble: How Labour can revive its fortunes with fresh leadership

17 Jun 05:00 PM
Meat and dairy continue to drive food price inflation, Stats NZ data shows

Meat and dairy continue to drive food price inflation, Stats NZ data shows

16 Jun 11:28 PM
Why Kiwi businesses are cautiously optimistic about the future

Why Kiwi businesses are cautiously optimistic about the future

16 Jun 11:01 PM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP