| | UNSW: The University of New South Wales - Sydney Australia - News - India and China: The return of the titans |
 | | Mr Wolfensohn, who was also awarded an honourary doctorate of science by the University, said that by 2050, there would be a complete rebalancing of the current world order, predicting that only two of the current members of the leading seven industrialized nations, the US and Japan, will remain in that group. |
 | | Mr Wolfensohn, who is now Chairman of Citigroup International Advisory Board and his own investment and advisory firm, also spoke of the importance of last week’s 10-point plan between India and China and of the complementarity of skills between the two countries. |
 | | Mr Wolfensohn said that Australia was well-placed geographically to take advantage of the economic growth and changing relationships in Asia, but warned that there was a “formidable challenge” to prepare the next generation to engage more fully with these countries. |
| www.unsw.edu /news/pad/articles/2006/nov/James_Wolfensohn_lecture.html (322 words) |