Category: China

Bit I thought was interesting was the comment on economic power change from North to South: simultaneously saying that the emerging economies might have the growth and overall economic power but they don’t have the structures – so there needs to still be a partnership which benefits both parties. Structural and institutional power as important.

Also bit about how it would be useful to have developing countries’ say in the international forums because some of the suggestions made by developed countries to solve the Asian economic crisis turned out to be ‘not very good’. Probably a good expression for the failure of structural adjustment policies also!