国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Asian significance of IMF meeting
By Eric Teo Chu Cheow (China Daily)
Updated: 2006-09-22 14:14

In fact, some Asian and Latin American countries have even floated the idea of leaving the IMF to form their own regional funds out of sheer frustration. Twenty-three of the 184 IMF member countries voted against even these two-stage reforms. Among them were Argentina, Brazil and India, who had earlier argued that these reforms might not benefit all developing countries.

On the other hand, all the developed economies lost some of their quotas notably the G-7, which by themselves commanded 45 per cent of the quotas in the old system. There appear ultimately to have been some justified re-adjustments to the international financial system, as embodied by the IMF.

But more important, the Singapore meeting carries particular significance for Asia, in three ways that could be clearly discerned.

First, Singapore's geographic location made this meeting the group's first to be held on the continent in nine years. It also came nine years after the financial crisis that shook Asia up tremendously and brought about fundamental economic, social and political changes across the whole region.

There are clearly still some misgivings about the IMF, which many Asians blamed in 1997-98 for having aggravated the crisis with "erroneous" policies.

The Singapore meeting was also undoubtedly about Asia's "re-emergence" or renaissance nine years after this crisis, as it takes a much larger share of the world economy, led by China, India, the ROK and ASEAN economies. Even Japan, the world's second-largest economy, is recovering with credible growth and an inflationary spiral after more than a decade of deflation. Without doubt, the Singapore meeting will be remembered as the consecration of an inevitable Asian comeback in world financial and economic affairs.
 1234  

(For more biz stories, please visit Industry Updates)

 
 

Related Stories
 
九寨沟县| 四会市| SHOW| 长子县| 富阳市| 闸北区| 忻州市| 香港| 方正县| 漠河县| 康保县| 措勤县| 习水县| 宁乡县| 鄱阳县| 赤峰市| 千阳县| 湖北省| 化德县| 边坝县| 张家港市| 海兴县| 绵竹市| 长丰县| 伊宁县| 周宁县| 西和县| 含山县| 靖边县| 桓台县| 渭南市| 六安市| 铜梁县| 娱乐| 通许县| 嘉黎县| 大安市| 祁阳县| 叶城县| 尚志市| 团风县|