日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Opinion / Op-Ed Contributors

Many in West back winds of change in world

By Martin Khor (China Daily) Updated: 2015-04-23 07:52

Many in West back winds of change in world

The signing ceremony of memorandum of understanding on establishing the Asian Infrastructure Investment Bank (AIIB) is held in Beijing, Oct 24 2014. [Photo/Xinhua]

Influential Western economic commentators have supported China's move to establish the Asian Infrastructure Investment Bank and said US President Barack Obama made a big mistake by pressuring US allies to shun the bank.

What the US has done by doubting the integrity of the AIIB sounds like the pot calling the kettle black, because it is the lack of fair governance in the International Monetary Fund and the World Bank that prompted China to initiate the formation of the AIIB and the BRICS countries (Brazil, Russia, India, China and South Africa) to establish the New Development Bank, formerly referred to as the BRICS Development Bank.

For decades, developing countries have been complaining about the developed countries maintaining their grip on the voting power in the Bretton Woods institutions, because the quotas agreed upon 70 years ago do not reflect the vastly increased shares of the emerging economies in theworld economy. Even the mild reform agreed by all that the quotas would be changed slightly in favor of some developing countries cannot be implemented because of US Congress' opposition.

Moreover, the unjustifiable "understanding" that the heads of the World Bank and the IMF would be an American and a European remains in place despite promises of change.

In response, BRICS set up the NDB, which will supplement or compete with the World Bank, while China proposed the AIIB, which will supplement the Asian Development Bank, which too has a lopsided governance system.

The new banks will focus on financing infrastructure projects, since developing countries have ambitious infrastructure programs and there is gross underfunding.

Critics speculate that the new banks will finance projects that the World Bank or the ADB would reject for not meeting their environmental and social standards. But that is attacking something that hasn't yet happened. True, it would be terrible if the new banks build a portfolio of "bad projects" that would damage the environment further, or displace millions of people without recognizing their rights.

Previous Page 1 2 Next Page

Most Viewed Today's Top News
...
主站蜘蛛池模板: 亚洲第一视频在线 | 亚洲 欧美 日韩在线 | 欧美日本三级 | 亚洲国产精品va在线看黑人 | 一级特黄aaa大片 | 成人黄色免费网址 | 日本亚洲欧美 | 国产原创在线 | 五月天久久久久 | 国产人妖一区二区 | 成人毛片18女人毛片 | 婷婷午夜精品久久久久久性色av | 欧美无砖区 | 精品久久成人 | 国内视频精品 | 精品色综合 | 精品免费国产 | 99久久久国产精品免费蜜臀 | 日韩免费黄色片 | 在线性视频 | av色片| 麻豆久久久 | 国产一级二级三级在线观看 | 国产www在线观看 | 粉嫩av懂色av蜜臀av分享 | 一区二区精品 | 一本到av| 色妞综合| 国产精品久久婷婷六月丁香 | 欧美日韩一区二区三 | 4虎影院在线观看 | 亚洲色图制服诱惑 | 99热精品在线观看 | 中文字幕在线资源 | 中文字幕免费视频 | 91水蜜桃 | 久久久www成人免费毛片 | 精品久久视频 | 成人公开免费视频 | 欧美视频一区二区在线观看 | av男人的天堂在线 |