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What Do Asian Countries Want The Seat At The High Table For? G20 As A New Global Economic Governance Forum And The Role Of Asia

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Executive Summary

The global crisis has reminded everyone of the importance of reforming the international monetary and financial system. The current system is no longer adequate to meet the needs of a complex, integrated world economy. Various proposals, both on the demand and supply sides, have been put forward, and include building a stronger global financial safety net, diversifying the supply of international reserve currencies, and so on. However, these proposals face trade-offs between desirability and political feasibility.

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