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The revolution of cheap production .. Do the industrialized countries follow the example of China to save its economy ??
Friday October 2017 at 17:06 the evening of 06 (643 Views)
The revolution of cheap production .. Do the industrialized countries follow the example of China to save its economy ??
Baghdad / Sky Press
Christine Lagarde, executive director of the International Monetary Fund, said in July 2017 that "the fund's headquarters could move to Beijing within 10 years if growth trends continue in China and other large emerging markets, and this is reflected in the Fund's voting structure." The statement also stipulated the continued growth of emerging economies, particularly China, as well as a change in voting standards within the IMF; however, it reflects the evolution of the global economy, the shift of economic centers of gravity from west to east.
This statement carries many indications, not only for the IMF, as one of the most important international economic organizations, but also for the structure and future of the world economic system.
Change the balance of power:
If Lagarde's remarks, which came at a World Development Center conference in Washington, stated that the relocation of the IMF's headquarters is "like the possibilities that can be achieved", the world economy is witnessing a decline in the economic power of the global economic system over Nearly seven decades, in favor of new economic forces, represent a real change on the ground and can not be ignored. In 2010, China's economy jumped to second in the world in size, overtaking the Japanese economy and likely to move to the top spot, outperforming the US economy by the end of 2018 or by 2022 at the latest.
In any case, China's economy is at the top of the global scale, and it is only a few years away. The Chinese economy will be eligible for the IMF's right to host its headquarters in the country. Member of the largest economy.
Signs of Change of Headquarters:
Since the establishment of the International Monetary Fund in 1945, the United States, which by virtue of the size of its largest economy in the world, remained in control of 16.5% of the votes of its Executive Council, had retained veto power over the Fund's resolutions. The main role in determining its direction, which is one of the fundamental mechanisms for the management of the global economic system.
This means that with the requirement of China's economic superiority over the United States and the relocation of the International Monetary Fund from Washington, DC, to Beijing, this will not only mean changing the IMF's headquarters, China, which will also be able to lead the global economic system as a whole. Which raises many questions for the future of the global economic system as a whole. Over the past decades, China has had strong objections to the methodology and decision-making mechanisms of the International Monetary Fund (IMF).
It has always been characterized as "biased" to major economies and "fully subject" to American influence; therefore, it has tended to build an international front against the global economic system with its existing structure, including the International Monetary Fund. This front was made up mostly of developing and emerging countries, and some developed countries also joined in.
This move represented a significant shift in time. China, in cooperation with these countries, sought to establish alternative economic institutions for international economic institutions belonging to the existing global economic system. In December 2015, it announced the establishment of the Asian Infrastructure Investment Bank ", As an alternative to the International Monetary Fund, the new bank began to operate in January the following year. Despite the opposition of the United States and Japan, the world's first and third largest economies, to the idea of creating a new bank, several developed countries have joined the bank (Germany, Britain, Australia, Italy, South Korea, etc.) Which gave the step of establishing the bank a great momentum and importance for the change in the structure of the global economic system.
Will the Fund's role end?
With such a trend, and the Asian Infrastructure Investment Bank, by the time IMF headquarters move to China, the fate of the IMF itself is being questioned. China itself has begun to shift away from it and has sought to find an alternative. To him, does this mean that the role of the fund will be over then ?.
This depends on what can happen from now until the Fund's transition to China, especially with regard to the capacity of the Asian Infrastructure Investment Bank to become an influential international economic institution and a more important role relative to the Fund's role and its ability to attract other countries Membership, securing funds and technical and technical support for Member States, and adopting new and more effective financial and monetary instruments and policies that would be more effective and effective alternative to the policies and instruments adopted by the Fund.
The International Monetary Fund has adjusted its quota system or voting structure in 2010 and a further adjustment is planned for 2018. These changes include: changing the voting weight of economies that are taking a relative weight in the global economy to account for economies that achieve An improvement in this indicator; in other words, these amendments increase the voting bloc granted to emerging economies, especially China, and cut from the voting bloc of traditional economic forces, led by the United States, which gradually lose its place within the international institution.
Thus, by the time the Fund is moved to Beijing, China will have the largest share of its voting power, and the United States will fall to second place, and China will have the advantage of vetoing the Fund's decisions. This is a positive point in the right The future of the Fund. China, which finds itself influential in the Fund over the coming years, may be motivated by its support. This may come at the expense of the Asian Infrastructure Investment Bank, which may decline in importance to remain within the limited regional economic organization .
Transformations of the global system:
This does not mean that the survival of the Fund is linked to the maintenance of its mechanisms and monetary policies. China is in the ranks of developing countries and is seeking to attract more countries to create a positive image of itself on the ruins of the world economic system, In order to implement its "Belt and Road" development initiative, all of which would encourage China, when it reached the top of the world economic pyramid, to work on restructuring the Fund to be more representative of developing and emerging countries.
It will also work hard to reformulate the Fund's working mechanisms and programs for economic reform and structural adjustment, which have been applied almost continuously over the decades since its establishment to date, and this will be the real beginning of a new phase in the global economic system.
The era of cheap production:
As the world has been witnessing for several years, from the remarkable rise of the Chinese development model, the beginning of a new era in the age of the global economic system, an era led by China, a country that is still a developing country, and the technological component in its products is still very low compared to the more advanced countries In the West, led by the United States, which led the global economic development for more than seventy years, and then Britain, the first industrial revolution, which has been at the top of global economic development for nearly two centuries.
What distinguishes the Chinese economy, which is preparing to lead the global economic system in the next stage, is that it will not be the most advanced compared to the US economy or even the Japanese economy and the German economy, but will be the preference for them in terms of size only.
The extraordinary rise of the Chinese development model, which is based on a major revolution in production, could inspire a new idea that the new world economic system, under Chinese leadership, would prevail over economies with exceptional capacity to expand cheap production, At the technological forefront.
This means that the global economic system is now being introduced to a new era that can be called the "cheap production revolution". An economy that can revolutionize the amount of production enables it to flood world markets with cheap, Technological development among its competitors; it will become the most important global economic power. This marks the beginning of a new phase of economic globalization, rephrased to bear the name of "Chinese globalization", which is based on the sovereignty of the intellectual pattern of the Chinese development model, based on the density of cheap production.
http://www.skypressiq.net/2017/10/6/%D8%AB%D9%88%D8%B1%D8%A9-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D8%B1%D8%AE%D9%8A%D8%B5-%D9%87%D9%84-%D8%AA%D8%AD%D8%B0%D9%88-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D8%AD%D8%B0%D9%88-%D8%A7%D9%84%D8%B5%D9%8A%D9%86-%D9%84%D8%A7%D9%86%D9%82%D8%A7%D8%B0-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%87%D8%A7
Friday October 2017 at 17:06 the evening of 06 (643 Views)
The revolution of cheap production .. Do the industrialized countries follow the example of China to save its economy ??Baghdad / Sky Press
Christine Lagarde, executive director of the International Monetary Fund, said in July 2017 that "the fund's headquarters could move to Beijing within 10 years if growth trends continue in China and other large emerging markets, and this is reflected in the Fund's voting structure." The statement also stipulated the continued growth of emerging economies, particularly China, as well as a change in voting standards within the IMF; however, it reflects the evolution of the global economy, the shift of economic centers of gravity from west to east.
This statement carries many indications, not only for the IMF, as one of the most important international economic organizations, but also for the structure and future of the world economic system.
Change the balance of power:
If Lagarde's remarks, which came at a World Development Center conference in Washington, stated that the relocation of the IMF's headquarters is "like the possibilities that can be achieved", the world economy is witnessing a decline in the economic power of the global economic system over Nearly seven decades, in favor of new economic forces, represent a real change on the ground and can not be ignored. In 2010, China's economy jumped to second in the world in size, overtaking the Japanese economy and likely to move to the top spot, outperforming the US economy by the end of 2018 or by 2022 at the latest.
In any case, China's economy is at the top of the global scale, and it is only a few years away. The Chinese economy will be eligible for the IMF's right to host its headquarters in the country. Member of the largest economy.
Signs of Change of Headquarters:
Since the establishment of the International Monetary Fund in 1945, the United States, which by virtue of the size of its largest economy in the world, remained in control of 16.5% of the votes of its Executive Council, had retained veto power over the Fund's resolutions. The main role in determining its direction, which is one of the fundamental mechanisms for the management of the global economic system.
This means that with the requirement of China's economic superiority over the United States and the relocation of the International Monetary Fund from Washington, DC, to Beijing, this will not only mean changing the IMF's headquarters, China, which will also be able to lead the global economic system as a whole. Which raises many questions for the future of the global economic system as a whole. Over the past decades, China has had strong objections to the methodology and decision-making mechanisms of the International Monetary Fund (IMF).
It has always been characterized as "biased" to major economies and "fully subject" to American influence; therefore, it has tended to build an international front against the global economic system with its existing structure, including the International Monetary Fund. This front was made up mostly of developing and emerging countries, and some developed countries also joined in.
This move represented a significant shift in time. China, in cooperation with these countries, sought to establish alternative economic institutions for international economic institutions belonging to the existing global economic system. In December 2015, it announced the establishment of the Asian Infrastructure Investment Bank ", As an alternative to the International Monetary Fund, the new bank began to operate in January the following year. Despite the opposition of the United States and Japan, the world's first and third largest economies, to the idea of creating a new bank, several developed countries have joined the bank (Germany, Britain, Australia, Italy, South Korea, etc.) Which gave the step of establishing the bank a great momentum and importance for the change in the structure of the global economic system.
Will the Fund's role end?
With such a trend, and the Asian Infrastructure Investment Bank, by the time IMF headquarters move to China, the fate of the IMF itself is being questioned. China itself has begun to shift away from it and has sought to find an alternative. To him, does this mean that the role of the fund will be over then ?.
This depends on what can happen from now until the Fund's transition to China, especially with regard to the capacity of the Asian Infrastructure Investment Bank to become an influential international economic institution and a more important role relative to the Fund's role and its ability to attract other countries Membership, securing funds and technical and technical support for Member States, and adopting new and more effective financial and monetary instruments and policies that would be more effective and effective alternative to the policies and instruments adopted by the Fund.
The International Monetary Fund has adjusted its quota system or voting structure in 2010 and a further adjustment is planned for 2018. These changes include: changing the voting weight of economies that are taking a relative weight in the global economy to account for economies that achieve An improvement in this indicator; in other words, these amendments increase the voting bloc granted to emerging economies, especially China, and cut from the voting bloc of traditional economic forces, led by the United States, which gradually lose its place within the international institution.
Thus, by the time the Fund is moved to Beijing, China will have the largest share of its voting power, and the United States will fall to second place, and China will have the advantage of vetoing the Fund's decisions. This is a positive point in the right The future of the Fund. China, which finds itself influential in the Fund over the coming years, may be motivated by its support. This may come at the expense of the Asian Infrastructure Investment Bank, which may decline in importance to remain within the limited regional economic organization .
Transformations of the global system:
This does not mean that the survival of the Fund is linked to the maintenance of its mechanisms and monetary policies. China is in the ranks of developing countries and is seeking to attract more countries to create a positive image of itself on the ruins of the world economic system, In order to implement its "Belt and Road" development initiative, all of which would encourage China, when it reached the top of the world economic pyramid, to work on restructuring the Fund to be more representative of developing and emerging countries.
It will also work hard to reformulate the Fund's working mechanisms and programs for economic reform and structural adjustment, which have been applied almost continuously over the decades since its establishment to date, and this will be the real beginning of a new phase in the global economic system.
The era of cheap production:
As the world has been witnessing for several years, from the remarkable rise of the Chinese development model, the beginning of a new era in the age of the global economic system, an era led by China, a country that is still a developing country, and the technological component in its products is still very low compared to the more advanced countries In the West, led by the United States, which led the global economic development for more than seventy years, and then Britain, the first industrial revolution, which has been at the top of global economic development for nearly two centuries.
What distinguishes the Chinese economy, which is preparing to lead the global economic system in the next stage, is that it will not be the most advanced compared to the US economy or even the Japanese economy and the German economy, but will be the preference for them in terms of size only.
The extraordinary rise of the Chinese development model, which is based on a major revolution in production, could inspire a new idea that the new world economic system, under Chinese leadership, would prevail over economies with exceptional capacity to expand cheap production, At the technological forefront.
This means that the global economic system is now being introduced to a new era that can be called the "cheap production revolution". An economy that can revolutionize the amount of production enables it to flood world markets with cheap, Technological development among its competitors; it will become the most important global economic power. This marks the beginning of a new phase of economic globalization, rephrased to bear the name of "Chinese globalization", which is based on the sovereignty of the intellectual pattern of the Chinese development model, based on the density of cheap production.
http://www.skypressiq.net/2017/10/6/%D8%AB%D9%88%D8%B1%D8%A9-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D8%B1%D8%AE%D9%8A%D8%B5-%D9%87%D9%84-%D8%AA%D8%AD%D8%B0%D9%88-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D8%AD%D8%B0%D9%88-%D8%A7%D9%84%D8%B5%D9%8A%D9%86-%D9%84%D8%A7%D9%86%D9%82%D8%A7%D8%B0-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%87%D8%A7
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