Emerging markets need a game plan. The battle for the International Monetary Fund’s top job is becoming ugly. The old order is asserting itself brazenly, with Europe determined to retain its prerogative of appointing the fund’s managing director. For all the promises made in recent G20 communiques to make the selection process more transparent and merit-based, the Europeans are in effect saying that emerging markets’ time will come – just not yet.
新興市場需要一項策略。國際貨幣基金組織(IMF)總裁職位的爭奪戰正變得難看起來。舊秩序正恬不知恥地大行其道——歐洲已決心維持其任命IMF總裁的特權。儘管歐洲人在最近的20國集團(G20) 公報中承諾要讓選舉過程變得更透明與任人唯賢,但他們實際上是在說,新興市場的時代將會到來——只不過並非現在。
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