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
 
卢湾区| 临夏市| 田东县| 当阳市| 潢川县| 北京市| 乃东县| 郑州市| 乾安县| 西昌市| 抚松县| 遂平县| 麦盖提县| 小金县| 襄垣县| 商丘市| 久治县| 石狮市| 梁平县| 拜泉县| 普安县| 荃湾区| 苏尼特右旗| 合水县| 康平县| 武平县| 保山市| 德惠市| 孝昌县| 宝鸡市| 屏东市| 行唐县| 吉水县| 禹州市| 新龙县| 营山县| 昆明市| 左贡县| 静海县| 金平| 临潭县|