IMF could be based in Beijing in a decade: Lagardehttps://www.reuters.com/article/us-imf-china-lagarde-idUSKBN1A922L
WASHINGTON (Reuters) - The International Monetary Fund could be based in Beijing in a decade if growth trends for China and other big emerging markets continue and these are reflected in the Fund's voting structure, IMF Managing Director Christine Lagarde said on Monday.
Lagarde said at a Center for Global Development event in Washington that such a move was "a possibility" because the Fund will need to increase the representation of major emerging markets as their economies grow larger and more influential.
"Which might very well mean, that if we have this conversation in 10 years' time...we might not be sitting in Washington, D.C. We'll do it in our Beijing head office," Lagarde said.
She added that the IMF's bylaws call for the institution's head office to be located in the largest member economy.
Since the IMF was launched in 1945, that has always been the United States, which currently has an effective veto over IMF decisions with a 16.5 percent share of its board votes.
But economists estimate that China, with growth rates forecast above 6 percent, will likely overtake
U.S. gross domestic product sometime over the next decade to become the world's largest economy in nominal terms. Some, including the IMF, have argued that China already contributes more to global growth on a purchasing power parity basis, which adjusts for differences in prices.The IMF last revised its quota system, or voting structure in 2010, but is set to launch another review next year.
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Kina vec jeste najveca ekonomija sveta po paritetu kupovne moci. To zasto nije nominlano je i do Kine jer ne zeli da jaca Juan previse zbog izvoza. Mada su oni poslednjih 10ak godina mnogo manje manipulisali Juanom od Japana(Jen), SAD(Dolar) i Evrozone(evro).
Mnogo je vaznije da je Kina nejveca trgovacka sila na svetu.
China surpasses US as world's largest trading nationhttps://www.theguardian.com/business/2014/jan/10/china-surpasses-us-world-largest-trading-nation
Pozicija dolara je neodrzivo sa ovakvim razvojem situacije. Mogu na inerciji da jasu kao funta pocetkom 20. veka ali neizbezno je da Juan preuzme mnogo znacajniju ulogu.
Mada ni Kinezi nisu mutavi, nece oni tek tako da ulecu u to jer to ima svojih prednosti ali i mana. Njima sada pretezu mane dok ne naprave unutrasnju ekonomsku tranziciju koju rade.
Zato je slavlje pobede nad SSSR i globalizacija bio pocetak kraja ali to tada niko nije video-slepilo.
Sada imamo da SAD pokusavaju da bolokvski podele svet i sprece globalizaciju dok je Kina suprotna prica. Cela prica oko Transpacifickog i Transatlanstkog trgovackog dogovora je pokusaj SAD da blokovski parira Kini zbog ovoga:
I zato je igra sa Indijom ali mislim da im to nije previse pametno.
Uzgred, Kina ima problema koje mora da resava da bi nastavila svoj vrtoglavi rast i pisacu o njima ali za sada izgleda da je uspeh sigurnije za kladjenje.
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by Zuper Sun Jul 23, 2017 9:35 pm
HMS Queen Elizabeth, HMS Sutherland and HMS Iron Duke.
