50 years ago, 60 per cent of the world's gross domestic product came from the G7 countries, now it's the other way round, and 60 percent of the world's GDP is produced outside the G7 countries. Is it time for these external countries to form a new order and dictate their terms for a new economic world order, including having a new world bank?
2007-06-09 23:11:58 · 4 answers · asked by Knight Crusader 2 in Politics & Government ➔ Government
I think, the world is going to multi-polar. the US lost its power because of Iraq
2007-06-10 02:59:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
We do not want a new world order, all we should have is a government in our Country able to pass laws and be accountable to the electorate, the reason so many people have become disillusioned with politics is that our political masters care more about big business, then the people who elect them into power.
2007-06-10 06:22:22 · answer #2 · answered by magicwand 1 · 4⤊ 1⤋
There is nothing stopping other counties starting their own grouping! or world bank to rival the G8 if they wish to do so! - The issue is whether they have the political will! and cooperation to be able to maintain credible institutions.
G8 and world bank succeed because they are reliable and credible and add stability to world trade..
2007-06-11 12:27:10 · answer #3 · answered by robert x 7 · 0⤊ 0⤋
NO it is not.
2007-06-10 06:19:57 · answer #4 · answered by Anonymous · 2⤊ 2⤋