In contrast to the gloomy prospects of developed countries, emerging countries are enjoying a healthier economic recovery than anticipated. China is expected to have two-digit
economic growth this year. In Argentina, India, Brazil & other emerging markets, economic recovery has also been on a powerful footing. The African continent is expected to have
a 3.9 percent to 4.5 percent economic growth. At the Seoul summit, participating countries ought to confirm the World Bank's decision to transfer an additional 3.13 percent voting
power to developing nations. That will increase developing countries' voting shares in the body to 47.19 percent from the current 44.06 percent. China's voting power will
increase from the current 2.77 percent to 4.42 percent, behind only the US & Japan....