Meetings

One of the most important points I find in this article is the question as to how this new "global financial order" is going to affect the consistent demands of less developed countries for a new global financial order. Developing countries have systematically complained through forums such as the UN, the WTO, and various multilateral trade negotiations that they are being systematically discriminated against by the existing economic order as it is imposed by developing countries. It will be interesting to watch as to whether the seemingly inevitable changes made to the economic order will be beneficial to these developing countries or harmful. They could be beneficial because with the failure of the current system, other recommendations could be more willingly heard. However it could also be harmful because developed countries could concentrate solely on shoring up their own prosperity more securely and soundly, a situation that would most likely harm the efforts of those developing countries trying to change the system in their favor.