michael mandelbaum, "the road to global prosperity."fessor at johns hopkins university, he will be joining us in just a moment for a full hour to talk about the global economy and the role of the u.s., europe, and asian countries. later, a washington correspondent for "the las vegas sun" on in particular the standoff in nevada. first, check on the other news this morning, and with that, nancy calo standing by in the c-span radio studios. good morning. >> good morning, steve. an update on the missing malaysian airliner. investigators have ruled out a nearby oil slick as originating from the jet. data fromontinues of the robotic summary that completed its first. once of the ocean floor. the first 2 missions were cut short by technical problems. secretary of state john kerry has begun talks in geneva with his counterparts from ukraine, russia, and the european union, in an effort to defuse tensions over ukraine. the purpose of the session is to bring ukraine and russia to the same table with the united states and european union participati

host: our next guest is michael mandelbaum, professor at johns hopkins university.nomic activity does not occur in a vacuum. it requires a stable political framework, one that protects against disruptive intrusions from the outside and assures that economic life can precede -- proceed dependably." it makes sense. not always a reality. always a reality, and particularly difficult for the global economy, because order and stability at the local and national level is provided by government. but of course, there is no world government, and yet there is a world economy. forprovides the framework the global economy echoed the answer is, we do, the united states does. -- for the global economy? is, we do, the united states does. it is a service that the united states provides for the world. it is not as if the world is grateful or pays us for it, but we do it for a variety of reasons. one example is the fact that the american navy patrols the sea ways over which most trade passes. without the american navy, trade would be a lot more difficult. the u.s. is crucial for the s

michael mandelbaum, your reaction? guest: i agree with secretary paulson. china does need to change its economic model to sustain high growth. but -- this is an important theme of my discussion of china in the book -- in order to change its economic model, it is going to have to make political changes, important political changes, and changes that, if they are made, will make china maybe not a full-fledged western democraticbut more . it is in china's economic interest to become more democratic politically. host: but there was a report released ash available on the -- available on the cnbc website -- that china will surpass the united states as the number one global economy. has four timesa as many people as the united states so china could happen economy bigger than that of the united states but still have people with about one quarter of the per capita income of china. and the lyrical pressure in china -- political pressure in china is all in the direction of boosting per capita income of the chinese people, making them better off. i think that is going t