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.
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