In Europe we don’t see wage growth of that amount, we don’t see inflation rates of that amount. It’s just that the risk is different.
A good start would be to re-examine the representation of Asian and other emerging-market economies, and the implications for their quotas and voting power on the IMF's Board. A larger stake by Asian members in the IMF also implies greater responsibility on their part for the success of the Fund as guardian of the international monetary and financial systems.