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Once the dust settles, China, India, Brazil, South Korea, and a handful of other "emerging" nations will be able to exercise greater influence over the way that multilateral economic institutions are run, and will be in a better position to push for reforms that reflect their interests.
In making this argument, he surveys developments in Europe, East Asia, and the developing world and concludes with recommendations on "policies to foster healthy growth at home, cope with the anxieties of global competition, lower trade and investment barriers, maintain and reinforce the multilateral economic institutions, and draw poor countries on to a path toward successful economic development.
Economic Security Council - to consider global economic problems and their relation to other issues, and to coordinate the policies of multilateral economic institutions.