The epoch of empires made off in a global economy

The new managing director of the International monetary fund was recently select. The candidate of the European union Dominique Stross-Kan became them.

All, who has some attitude toward this question, understood fine: as ES and USA agreed between itself, victory of the French candidate is predefined.

From here is an appropriate question which repeatedly rose during the closed consultations, and also in a press: why did Moscou offer an alternative candidate, Yozefa Toshovski, understanding that his chances on success at the existent system of quotas which determine the end of voting, unhigh? I would like to explain Russian position.

In the second half of 1940th, within the framework of the system of Brettona-vudsa, the USA and leading countries of Western Europe decided that can control the international financial system. Since passed more than half a century, a great deal changed. The epoch of colonial empires remained in the past. Role of such countries, as China, India and Brazil, in a world economy grows, and it is impossible not to take them into account during organization of the global financial system. As early as 2000 a minister for finance Italy warned that system of elections, which the USA and Western Europe is finished say at, who will lead major international financial institutions, and other world needs only to look after what be going on, wrong and in a long-term prospect unstable.

Financial Times marked then, that similar procedure can not be saved long.

The chapters of financial ministries of Australia, Brazil and REPUBLIC of south Africa in July declared openly, that had come time to step back from principle at which by a deciding factor at the choice of candidates there is nationality on key posts. Decisions about that, who must lead certain establishments, it is necessary to accept candidates coming from professional qualities, their experience and ability to get along at tasks, standings before IMF and World bank.

Exactly from this idea we pushed off, offering Toshovski on the post of managing director of IMF. He douses experience of fight against an economic crisis, related to the shipwreck of socialistic economy, experience of painless section of Czech and Slovakia currencies. This experience is important for the decision of intricate problems which stand before establishments of the system of Brettona-vudsa in connection with a today's situation on financial markets.

Main, that urged on us to occupy similar position on managing IMF, a question became about that, how key decisions, related to work of this organization, must be accepted. We pursued a purpose to initiate a serious discussion about principles of organization of structures, created for providing of financial stability and stable growth of world economy. And we succeeded to obtain the purpose.

In September Dominique Stross-Kan expounded in the article priorities which he will pull out in case that will become the managing director of IMF. Among them appeared adaptation of fund to the changing world situation, expansion of international support of guidance of fund, increase of quotas for developing countries and change of electoral mechanism, governed procedures of fund with that all of the states felt the participants of process of making a decision.

It is difficult to disagree with these ideas. They come into a question already a long ago. However practical steps in this direction until now undertaken little.

The severe financial world trusts businesses, but not words. We are bargains that a new managing director will incarnate the great number of the pulled out ideas in life. A key index after which all will watch especially attentively will be become by the redistribution of quotas in IMF.

For an effective fight against the crises of IMF and the World bank must be competent organizations. It is necessary for achievement of success, that they were trusted by an international association, that with rules which they work on, most states agreed.

It is undifficult to understand that if considerable part of the world perceives a certain structure as providing prevailing of one country or group of countries above other, this structure loses legitimate. It stops to be an effective instrument. We hope sincerely, that the new managing director of IMF will be able to incarnate the program proclaimed in practice by him. If he will not be able it to do, we will forget about IMF as about serious global organization which manages the world financial system.