THE G-20 SUMMIT: "China Seeks More Involvement--and Clout--in IMF: Developed Nations Watch Warily as Beijing Moves to Assume a Greater Role in International Organizations," by Andrew Batson, Wall Street Journal, 31 March 2009.
Blogged this article before off Treo. Now see accompanying chart on jump page (how old-fashioned of me) that shows share of world GDP and compares to share of votes at IMF for individual states.
Point being, the percentages ain't particularly out of whack--at first glance.
The US is 21% of world GDP (corrected from comment below--thanks) and only 17% (eyeballing) of IMF votes, so we're not pigging out.
UK is exact match.
Countries with "too many" votes? How about Argentina, Canada, France (ever so slightly), Indonesia, Russia, South Africa, and Saudi Arabia (by a ways!).
Countries that are shorted? Brazil, China, Italy, Japan, Korea, Mexico, Turkey . . . and the U.S. (the most disparity by far).
So the obvious shift of power from Old Core to New doesn't exactly jump out at you.
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Comments (1)
Hi Tom,
I just checked the CIA's World Factbook. Unless I'm reading the numbers wrong, the U.S. has 20.56% of global GDP. That still presents a disparity, but one that is not so great.
Posted by Russell Warshay | April 14, 2009 7:41 AM