SDR’s and the New Bretton Woods – Part Six

philosophyofmetrics

Consolidation or Collapse, and Conspiracy Theories

By JC Collins

Old Strategies

“In recent decades, emerging and developing economies have become bigger players in the global economy. However, their representation at the IMF has not kept pace with these changes. The G20 will continue to pursue reforms to the IMF during 2014 to ensure that country representation at the IMF better reflects the economic weight of its members. These changes will build greater confidence in the IMF’s ability to respond to global economic instability.”

–          Statement on Reforming Global Institutions on the G20 Website

 

There is a unique game of chess taking place on the global economic scene.  And like all good games of chess against worthwhile opponents it takes patience and calculation to strategize every move well in advance.  This particular game began in 2010 when the G20 countries all agreed to enact the International Monetary Fund’s Governance Reforms (or Code…

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Posted on March 11, 2014, in Uncategorized. Bookmark the permalink. Leave a comment.

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