Francis Fukuyama: In his view, the end of the Cold War meant the convergence of the entire world on the American model of political economy ... But with the crisis of the world economy startingin 2007 seen as States, its economic problems such as continuing poverty and largescale inequality ... previously dynamic economies as China seem to slow down, with China dragging down many emerging economies that have sold to it,including Brazil and South Africa, ... Global systemic crises have been further exacerbated by financial crises ... Many countries sought to emulate aspects of the Japanese economic system, but now Japan is in deep stagnation.