Many have noted the increased assertiveness in recent months of the Chinese government in petulant gestures in foreign policy and border issues with nearby countries and in harsh punishment of domestic dissidents. The speedy recovery in the Chinese economy, even as the advanced capitalist countries are still reeling in the aftermath of the economic crisis, its increasing financial clout in the global economy, and the much-too-apparent dysfunctional nature of the two largest democracies in the world, the US and India, in matters of governance, have inspired a new arrogance among the Chinese ruling elite (quite palpable when you talk to them in Beijing or in international meetings) about their political-economic system of authoritarian state-driven capitalism being the strongest in the world, and certainly the most appropriate for Chinese society.

<p><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'><B>Pranab Bardhan:</B> A new arrogance in the Middle Kingdom</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>The result of China

<b>Pranab Bardhan:</b> A new arrogance in the Middle Kingdom

The result of Chinas speedy economic recovery, even as the advanced nations continue to reel, is a hubris that bodes ill for both itself and the worl

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