China Deserves A Stronger Voice In IMF Than America And Japan - News Summed Up

China Deserves A Stronger Voice In IMF Than America And Japan


China has been rising in the global economy, but not in the ranks of global organizations like IMF, still dominated by US and Japan. China accounts for 18.72% of the global economy, but it has only 6.06% of IMF votes. That’s in sharp contrast to the US, which accounts for 15.17% of the global economy, but has 16.52% of the IMF votes; and Japan which accounts for 4.17% of the global economy, but has 6.16% of IMF votes. China isn’t the only emerging market economy that is under-represented in the IMF voting system. Like “openness, variability, international reserves, and GDP measured at market exchange rates—on which measure China accounts for a slightly smaller share of the global economy.”Still, China deserves a stronger voice in IMF than America and Japan.


Source: Forbes January 21, 2019 21:33 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */