The New Core wants to move up from the G-20 kiddie table

NEWS ANALYSIS: “Demand for a Say on a Way Out of Crisis: Bitterness at a meeting of finance ministers,” By ALEXEI BARRIONUEVO, New York Times, 10 November 2008.

The non-G8 members of the G-20 are getting tired of just advising at the ministerial level and being excluded from the adults’ table. So at this G-20 meet, the BRIC finance ministers get together and make their own recommendations.

Get used to seeing that.

The IMF chief was blunt enough:

So it is just fair to look at this growth coming from emerging countries and to try to support it because it is the only growth that we will have.

So yeah, the coupling is there, with the Old Core able to harm the New Core and the New Core able to sustain the Old Core.