Top Ten Game Changers in 2014: Getting back in the game

China's transformation will be under control. The United States will re-industrialize with or without easy money. The Eurozone must keep its eye on the ball, but the ball is rolling.

"It's the price, stupid!"- when disinflation matters in the advanced economies. Periphery countries - dodging the liquidity crunch, piggy backing the recovery.

Emerging markets, fragility is a policy thing. Old and new political risk in 2014. Building blocks - a new form of protectionism?. Global rebalancing - don't put the cart before the horse.