While the newcomers want to play a bigger role in setting the rules of the game, it is not clear what rules they would like to change, and whether they will want radically to change the international system.
To do that, they will need to further develop the analytic capacity to formulate proposals for change, a process that will involve strengthening research and policy research institutions, and the mechanisms through which they affect policy. However the impact of China and India on the international financial system does not depend mainly on the size of their quotas in the international financial institutions.