China's suggestion of using Special Drawing Rights IMF as an international currency to replace the dollar reflects something more than the nervousness of the country's largest holder of U.S. Treasury Bonds. Part of the Chinese strategy of positioning function to become the "primus inter pares" of an international system in the process of reorganization. Looked into perspective, China's refusal to endorse the proposals made in the latest Doha Round of World Trade Organization is in line with the finding by Zhou Xiaochuan, governor of the People's Bank of China to the dollar. That country next to India caused the failure of the meeting when delivered against regulations that would force them to check out your industry, but also agriculture. Recall that the crisis was in its infancy, but its "formal outbreak" occurred in mid-September 2008. is that globalization has transformed the U.S. and Europe in countries, "producer services" while manufacturing industries flowed to the overcrowded "emerging nations", providing dirt cheap labor to the world market. The result is that U.S. multinationals, European and Japanese industrial development fostered Asian, particularly Chinese, invigorating their economies. It also made them particularly dependent on the world market. But with one small detail: the two countries account for 40% of the world's population with high unmet consumer needs. China can turn to its domestic market to compensate, at least in part, the decline in foreign purchases. In short, the G-7 countries need more - in relative terms - from Russia, China, India and Brazil, which they of the first. And while the biggest capitalist crisis since 1929 will "leave the clothes lines," we must not lose sight of what is at stake here is the international hegemony. World War I broke out the bidding inter-between the major powers of the globe, all capitalists. Its main consequence was the Russian Revolution and the birth of the Union of Soviet Socialist Republics. The origin of the Second World War can be found in the bitterness of defeat in World War I, but mainly in the devastating economic, social and political of the Crash of '29. Nazifacista Axis defeat in 1945 opened a period of global economic growth and progress of the progressive forces of history as mankind had never met. This was his agony began with the crisis of oil prices in 1973, died at beginning of the counter "Conservative Revolution" of Thatcher and Reagan in 1979 and had his funeral with the implosion of the Soviet Union in 1989. The current capitalist crisis is "cooking" a spin history in power relations between nations but also between social classes within each state and internationally. The "fight back" seems to be between USA and China. But we must also see how they will react the hundreds of millions affected by the crisis in every corner of the planet.
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