Derek Sambrook considers that it is now more important than ever for financial centres to defend their virtues, but also to recognise, and remedy as best they can, their vices, and at the same time recognise that for the foreseeable future things have changed. In the same vein, he contemplates that it is equally important for developed countries, intent on a new commercial moral code, to accept that money carries no passport and is now more at home in the emerging world. He forecasts that his new world is expected to account for three-quarters of global economic growth by 2020.
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