Not least among them will be that, with the relative economic weight of the emerging world rising quickly, and a rise in their financial weight flowing from their high rates of capital accumulation and increasing creditor status, they will expect an increased role in global financial governance as a condition of accepting more obligations to contribute to the global common good.
The willingness of the established, post-war leadership countries to cede a degree of status and control to the emerging world will need to increase at the same speed as the emerging countries’ willingness to grasp and accept their rising responsibilities. Will this occur? It is hard to judge.