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Children of China's Future – Part II Aging population and poverty require stronger investment in China's rural youth Children of China's Future – Part I On tour in Europe, China's privileged children reflect inequality and self-confidence Growing Challenges of Energy and Environment – Part I BP unleashed the oil spill disaster, but all Americans are complicit Juggernaut: How the Rise of Developing Countries Is Reshaping the World Economy The rising prominence of emerging economies in the global economy will reshape globalization in a few short decades, delivering immense opportunities as well as new challenges Get the latest from YaleGlobal for mobile devices Connect with us: Follow us on Twitter Like us on Facebook   In Europe, North Battles South European economies can be divided into two categories – one that's more competitive and flexible; the other more rigid, struggling to repay debts. With a few exceptions, countries of northern Europe are generally more competitive than the countries along the Mediterranean, explains researcher Joergen Oerstroem Moeller. He urges that the European Union cooperate in enacting structural changes and that Greece forgo a petulant, quick-fix temptation of exit and currency devaluation. "It's imperative for the northern tier to return to a growth pattern to generate funds necessary for financing policies and help the weaker parts of the eurozone," Moeller argues. "This is the way an economic and monetary union should work." Otherwise, the struggling states could lose any hope of rescue. Europe, both north and south, would benefit from trimming unsustainable social benefits, strengthening economies and reducing unwieldy restrictions with no purpose other than reducing competition. Trimming Europe's pension and other benefits, envied by citizens around the globe, could actually ensure survival of programs for future generations. More News... Iran's Banks to Be Blocked From Global Banking System BBC News, 19 March 2012 The US and allies hope Iran wants to sell oil more than keep its nuclear program a secret US, EU, Japan Fight China on Rare Earths Leslie Hook, Joshua Chaffin, Alan Beattie The Financial Times, 15 March 2012 WTO members refuse to develop their own supplies, yet expect a steady supply UN Delegation Has Great Barrier Reef in its Sights Australian Associated Press, 15 March 2012 UNESCO reminds that world heritage sites require protection End of a Monopoly? Nayan Chanda Businessworld , 13 March 2012 Has China's dominance in manufacturing peaked? Other Items of Interest... China's Chokehold On Rare-Earth Minerals Raises Concerns Unmindful US allows its dominance to slip in rare earths, required by high technology Childless by Choice Enjoy interesting comments to this story! View email in browser | Unsubscribe | Update your profile | Forward to a friend   Copyright (C) 2012 YaleGlobal Online All rights reserved.