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Posted March 19. 2013 11:53AM

Bloomberg: Can China take over as world economy’s 800-pound gorilla?

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What’s needed, Temin and Vines argue, is a dominant global power to sustain an international approach to bringing the world’s economies back into balance. It’s happened before -- in 1944 at Bretton Woods, New Hampshire, where 44 nations agreed to a new world monetary order under the aegis of what really was the almighty dollar.