Emerging Powers in the Global Economy
Editorial, The New York Times | October 4, 2010
With an increasing shift in the global economic structure, the post WW-II major powers assert that they are ready to offer space to emerging countries. ++ However, the reluctance on the part of these major powers to give up some of their I.M.F shares in favor of “underrepresented” countries like Turkey and Brazil belies their claims. ++ The traditional “shared sense of purpose” between the big western allies seems to be missing. ++ Therefore, newcomers should be encouraged to help create a better global economic construct.
