In the Portuguese weekly Expresso Henrique Raposo calls for China and Asia to be offered seats in the International Monetary Fund (IMF), the World Bank and the group of leading industrialised nations, which as the G8 consists of the US, Canada, Japan, Germany, the UK, France, Italy and Russia: "In the 21st century financial stability can only function in a tandem between the Western world and Asia. This is why the West must cede part of its power within international institutions to the Asian countries. But this reform is a subject that arouses unease among the Western elite because it confirms the decline of the West and puts Asians at the top of the world hierarchy along with Europeans and Americans. ... Since 1945 there has been an agreement between the Americans and the Europeans under which the IMF always has a European president and the World Bank always has an American one. This pact brings to mind a meal-time scene in a big family: the adults (Europe and America sitting at one table) while the children (China, India, etc.) sit at the other . ... But Asia has grown too big to continue sitting at the children's table. ... More chairs should be added to the adults' table so that China, India and others can join them. If the West doesn't exchange the square table of 1945 for a round one in 2008, the Asians will make their own table at which only Asia will have a place. And at some point the Western nations will be forced to take a seat at the children's table." (20/10/2008)
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