China as an emerging country
Christine Lagarde, the new - French again - head of the IMF, who belongs to the French conservative party (contrarily to Dominique Strauss-Kahn), created a new, third, position of director in order to, she says (Le Monde, July 14, 2011), make a greater room for "emerging countries". What country are you thinking of? Angola? Laos? Nepal? Burkina Faso? What does it mean to be an "emerging country"? There are formal definitions for this, probably something related to a country which economy plays a role in the world economy since only recently. In that sense, countries like Angola, Laos, Nepal, Burkina Faso, Bangladesh etc. are not emergent countries at all. Yet the meaning intuitively grasped by the public is rather that of a "poor country" or a so-called "developing country". No one speaks about "poor countries": it's a long time official politics has political-correct expressions for everything linked to undesirable effects (c...