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Keyword: neweconomicorder

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  • World Bank welcomes new economic order from the ashes of crisis

    10/04/2009 12:47:54 AM PDT · by myknowledge · 26 replies · 2,230+ views
    The Guardian ^ | October 4, 2009 | Larry Elliott
    • China and India set to become established global powers • Euro and renminbi tipped to join dollar as reserve currencies • Other developing economies predicted to flourish in recovery The wrenching financial crisis of the past two years will provide the catalyst for a profound change in the global economy – which, according to the man running the World Bank, will see China and India become established centres of power, the dollar eclipsed as the sole reserve currency, and Latin America, south-east Asia and Africa emerge as new sources of growth. But as he surveys the wreckage caused by...