Re:"We need a new global political deal now the West is no longer master of the world" Globalization has indeed changed the 21st century - into an Asian century! How are the emerging markets (ie. BRICs) to be included into, for example, Bretton Woods Institutions voting strucure? Already Belgium is refusing to budge its seat/voting power in IMF. So will other's, I am sure. Unless as a result of the global financial crisis, European OECD block finds itself at mercy of Asian credit markets. Financial leverage, me thinks, will finally induce political adjustments by OECD block, in particular.. Otherwise lossers cannot also become the choosers of what strategy is likely to suit 21st century developments.
Globalization has indeed changed the 21st century - into an Asian century! How are the emerging markets (ie. BRICs) to be included into, for example, Bretton Woods Institutions voting strucure? Already Belgium is refusing to budge its seat/voting power in IMF. So will other's, I am sure. Unless as a result of the global financial crisis, European OECD block finds itself at mercy of Asian credit markets. Financial leverage, me thinks, will finally induce political adjustments by OECD block, in particular.. Otherwise lossers cannot also become the choosers of what strategy is likely to suit 21st century developments.
The fourteenth edition of Europe's World is out. We feel it's fair to say that few if any publications in the field of international relations and policy debate have grown as fast or widened their scope so remarkably as Europe's World. Table of contents of Issue 14.
The search is on for 'global governance' solutions to the world's economic and political problems. The trouble is, of course, that there's not much agreement across Europe or around the world on what sort of policy instruments, institutions and rules would open the way to a fairer international system serving the needs of North and South, East and West while avoiding the pitfalls that led to the global crisis. Read more
DID THE EU MISHANDLE ITS NEGOTIATIONS IN THE COP15 COPENHAGEN SUMMIT?
What do YOU think?