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. ⑪They are reluctant members of the Bretton Woods institutions which are dominated by countries that are no longer dominant. ⑫The rising powers need to be present at the creation of the new order to ensile that they will be active supporters of it.

convertible [kənˈvɜ:təbl] a．可改变的

dominant [ˈdɒmɪnənt] a．占优势的

mechanism [ˈmekənɪzəm] n．机制