There are times in listening to world leaders that one wonders whether they are being simplistic, blind, naïve, or even duplicitous in their assessment of the world and its economy. A case in point recently came when Australian Foreign Minister Kevin Rudd visited Washington D.C. Rudd chatted with U.S. Secretary of State Hillary Clinton and then spoke at the Brookings Institute. In his speech Rudd stressed the importance of bringing China into international institutions. Rudd's reason of course was that the world economy depended on it. This bears deeper examination.
First there is the question why China needs to be brought into international institutions. China is not an international waif in the wilderness; China already is very actively involved in the world spending billions to spread its influence and to gain access to oil, raw materials etc. etc. It also is already in most international institutions and if it isn't it at least has influence and leverage therein. So what does Rudd mean?