June 22, 2010EconomyForeign AffairsG-20global governanceIMFIndiaPax IndicaSecurityUnited NationsWorld Bank

Pax Indica: The G-20 opportunity

If you can’t fix the institutions that are supposed to fix the world’s problems, use new ones

This is an archived blog post from The Acorn.

In today’s Pax Indica column, I argue that India must use the G-20 to present the UN, the World Bank and the IMF with a simple choice: reform or face irrelevance.”

Like Groucho Marx who didn’t want to belong to any club that would accept him as a member, there is something aspirational about getting into the coolest clubs, universities or corporations, and in India’s case, the UN Security Council. But why waste time and energy trying to get into something that would rather go belly-up than accept you as a member, when you already belong to a club that, with some effort on your part, can be the most powerful club in town? [Yahoo! India]



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