The essential next step is to bring the new economic powers more fully into the global system, and to have their growing power and influence reflected in the IMF, World Bank, and other institutions. The emerging-market economies account for 30% of global GDP, 45% of total exports, and 75% of foreign exchange reserves, yet the traditional Western powers of the OECD continue to hold 63.8% of the total voting shares in the IMF, with the G-7 alone constituting 43.7% of the total.