The Reformatory Thinking Of The IMF Agreement Viewed From The Predicament Of International Cooperation

On the basis of the theory of international cooperation and international regimes,this thesis, proceeding from settling the predicament the international cooperation confronts,dissertates the reformatory thinking of the said Agreement.International mechanism,as an relatively independent variable,is of great significance to the promotion of international cooperation.The AGREEMENT is a typical example for the mechanism of the international monetary cooperation,which has five backbones,i.e.the mechanisms of balance of payments,international reserves,exchange rate arrangements,foreign exchange control,and IMF organizational operation.Since more than half a century,the structure of international monetary cooperation has been deeply affected by the mechanism regulation of the AGREEMENT.However,the inherent limitations of the AGREEMENT,including the softening of regimes, dollar-centered rules and double properties of the IMF,will inevitably lead to cooperation imbalance and inefficiency.The current global financial crisis has further exposed the vulnerability of the international monetary mechanism,and consequently the reform becomes imperative.It deeply roots in the dominance of the dollar hegemony in the AGREEMENT, which deviates the multipolarization.To solve the cooperational dilemma,reform of the international monetary mechanism should be taken to break the dominance of the hegemony.The reform of the international monetary mechanism fundamamentally depends on the international power comparation.Since the dominant status of dollar can't be shakened in a short term,the reform is bound to be a tortuous and protracted process,which should be step by step. After the global financial crisis,the developing countries including China have walked up to the front stage.China should actively participate in the process of the reform,and adopt appropriate strategies to seek for much more voice rights within the future international monetary mechanism and better position for the international monetary cooperation.