An Asian Monetary Union Asians have considered the possibility for years. Asian monetary fund Latest Popular Author: The Case for Regional Monetary Funds1. For example, in the Mexican bailout package of , the U. Initial signs are not good if we are looking to U. Call for Change The U.
Please send editorial comments and requests for reprint permission to Research Library Attn: Watch as the European economy continues on its path to become the most dominant economy in the world—with Asia strengthening as well—as the U. Investment analyst Bill Bonner expresses the current economic trends thus: Similarly, the European Union is currently engaged in a historic endeavor of monetary unification. The result has been that the British prime ministership is molded in the same sand as the Clinton presidency.
Modern history proves that the most-blessed nations—those that have been able to give the most to less-privileged nations—are Britain and its dominions and the United States. Now Act III is unfolding with continued dithering over reforms to the international financial system, despite its manifest shortcomings, as Asian countries emerge from the crisis with restructured national financial institutions that are still exposed to potential external shocks. Now that the lid is off, a different scenario is imagined by the investor public. When the deadline for applications to be a founding member of the China-mooted Asian Infrastructure Investment Bank AIIB passed on April 1, , 47 countries had expressed an interest, about 30 of whom had already been accepted. Do we get the connections?
From the US Treasury's viewpoint the AMF was likely to reduce its influence on the adjustment processes and impede liberalisation of trade and finance. Part of Security Studies. What to Do The plain facts of recent history and current events indicate the timeless veracity of biblical prophecy. Global Governance in a Multipolar World: Supachai serves as Thailand's commerce minister and will be the next director-general of the World Trade Organization. There is a way you can avoid the curse of the future enslavement of the increasingly decadent nations of Anglo-America.