The new power balance is expressed through economic might.
And he's right, in a way, for political, cultural and military power tend to flow from economic might.
"Military might cannot be sustained without economic might," he said.
Germany, with its relatively liberal immigration laws and economic might, has become a destination of choice.
Japan may at last start growing up to the obligations of its extraordinary economic might.
Slovenia's drive for independence is backed by its economic might.
There are the steel mills, now almost silent, that once roared with the nation's economic might.
People involved stress that the effective tool of power is becoming economic might, no longer military force.
Faced with American military and economic might, it could never really win.
In the 1960's, steel production was virtually synonymous with economic might, as it had been for almost a century.