A crucial role to play and the voice to be heard in the new world economic order is by far the ultimate objective of an emerging nation.
The question remains: Would the international bodies willingly given a say to China and oil-rich Gulf States in future new world economic order should they contribute to the International Monetary Fund's bailout reserves, despite its domination by the United States and the G7 industrialized nations.
Gordon Brown
British Prime Minister Gordon Brown is leading calls for China and oil-rich Middle Eastern countries to be among the biggest donors to the IMF's coffers, which at $250 billion have already been depleted by emergency cash calls from Iceland, Hungary and the Ukraine totaling some $30 billion. Pakistan has said it may call on the international body for another $5 billion.
Ironically, it is believed that China and Gulf States will feel little impetus to bolster the IMF fund, given its domination by the United States and the G7 industrialized nations.
The question remains: Would the international bodies willingly given a say to China and oil-rich Gulf States in future new world economic order should they contribute to the International Monetary Fund's bailout reserves, despite its domination by the United States and the G7 industrialized nations.
Gordon BrownBritish Prime Minister Gordon Brown is leading calls for China and oil-rich Middle Eastern countries to be among the biggest donors to the IMF's coffers, which at $250 billion have already been depleted by emergency cash calls from Iceland, Hungary and the Ukraine totaling some $30 billion. Pakistan has said it may call on the international body for another $5 billion.
Ironically, it is believed that China and Gulf States will feel little impetus to bolster the IMF fund, given its domination by the United States and the G7 industrialized nations.
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