World Bank To Developing Countries "to" An Important Step

By Author: tomas
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Copyright by Tomas. 2010 the Amber Silver Jewelryleading the fashion trend of development. It offers all kinds of silver jewelry products such as 925 Silver Earrings, The 925jewelry online store have beautiful and fashion of high quality Silver Jewelry Chain, Please be assured that your choice.Be noted that this reform is the first time the World Bank to improve the representation and voice of developing countries, the main objective of a governance structure reform. It is clear that the right to vote at the World Bank in China significantly improve the territory of China in the position in the global economy was growing a great relationship with Long, will soon surpass Japan as the world's second largest economic power and world exporter, China's economy performance has become the most important barometer of the global economy. To the global economy since World War II, the first negative growth in 2009, for example, China's contribution to world economic growth more than 50% contribution ...
... to economic growth than the United States, the European Union and Japan, the sum of the three major economies, even greater, as real engine of the world economy.
Has long been dominated by the United States and the European Union World Bank and International Monetary Fund, to developing countries including China, transferring more than 3% of the voting rights, which is the current world economic ups and downs of the real power of the right response. In fact, as the product of World War II, the World Bank and International Monetary Fund has been the mouthpiece of the developed countries or global economic policy, "implementing agency", such a body totally dominated by the developed countries to some extent can't be stability in the world economic and financial order, the best institutions. Therefore, the World Bank and International Monetary Fund reforms, particularly in decision-making and governance in developing countries a substantial shift to the right to vote, has become the consensus of all walks of life, in fact the global financial structure long before the World Bank from a small number of countries into developed and developing countries to dominate the common governance of the times, the world multi-polarization process, a good footnote.
We note that in this meeting, to increase China's voting power has not only received support for developing countries, have also been included, including World Bank President Robert Zoellick to support the United States and the European Union. This regard with the Chinese long-term good cooperation with the World Bank has a lot on the other hand, it is obvious to all of China's economic strength recognition and attention, but also the future of China in international affairs on a more important role to play as a look and trust.
Of course, this reform of the Bank the right to vote, compared with expectations of developing countries, there is still a considerable gap, developing countries in international affairs voice still needs to be strengthened, although the U.S. retained the World Bank symbolic veto power, although the head of World Bank and International Monetary Fund, the United States and the European Union grasp the reality remains unreasonable, but the developing countries including China, the sound and will promote the reality can't be ignored, including the International Monetary Fund including the reform of international financial organizations to promote international financial institutions, governance framework of fair and reasonable, making the voice of international financial order, the rule-making power can truly reflect the voice of developing countries