①The range of currencies included in the SDRs would have to be widened and some of the newly added currencies, which would include the renminbi, may not be fully convertible.②Therefore the dollar could still reestablish itself as the preferred reserve currency, provided it is prudently managed.

③One of the great advantages of SDRs is that they allow the international creation of money. ④That would be particularly useful at times like the present. ⑤The money could be directed to it is most needed. ⑥That would be a great improvement over what is happening currently. ⑦A mechanism which allows rich countries that don't need additional reserves to transfer their allocations to those who need them is readily available, and has already been used on a small scale.

⑧The reorganization of the prevailing world order may have to extend beyond the financial system if we are to make progress in resolving issues like global warming and nuclear proliferation. ⑨It may have to involve the United Nations, especially membership of the Security Council.

⑩The profound process needs to be initiated by the United States, but China and other developing countries ought to participate in it as equals. ?They are reluctant members of the Bretton Woods institutions which are dominated by countries that are no longer dominant. ?The rising powers need to be present at the creation of the new order to ensile that they will be active supporters of it.

convertible [k?n?v?:t?bl] a．可改變的

dominant [?d?m?n?nt] a．占優(yōu)勢(shì)的

mechanism [?mek?n?z?m] n．機(jī)制