The old entente

After all, for fifty years in the GATT the U.S. and Europe divided the top jobs in the World Bank, IMF, OECD and GATT between them. bq. Developing countries have raised concerns about the United States and European Union tacitly sharing out the top posts at the major international financial institutions, including the WTO. (Channelnewsasia.com) But such a deal no longer makes an difference. Developing countries could easily manage the consensus decision — if they were of one mind.

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