STEP 1. Discredit the Old System.
Need of a New Frame Work.
Many economists believe that the present global financial system needs a major reform. In 2014 the UN, (United Nations) World Bank and IMF, (International Monetary Fund), held high-level discussions about `the new framework for the global financial and economic system.
Jean-Claude Trichet, the former president of the ECB, (European Central Bank) told the forum that `New rules have been discussed not only inside
