The world economy is bouncing back from an economic crisis and developing nations will play a key role. According to opposing viewpoints in context developing countries are contributing to almost half of global growth. The GDP in these countries has grown substantially and regained levels that would have been very good if it weren't for the economies boom bust cycle. These developing countries are also expected to grow 6 and 7 percent in the near future.
According to opposing viewpoints in context The International Monetary Fund will also play a central role in ending this financial crisis. Yes the IMF is far from perfect, but it is needed now more than ever. The IMF works to secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Currently the IMF does not have the money to do so but are working to change that in enacting the new agreements to borrow mechanism and also the special drawing rights mechanism.