How to build a better brains-trust
03, June 2004
Author: By Ramesh Thakur - Globe and Mail Update
Excerpt from the article:
"The G8 fails the tests of legitimacy on representativeness, consistency, transparency and accountability. As the collapsed trade talks at Cancun showed, Brazil, China and India acting in concert in world negotiations form a powerful bloc that can no longer be ignored. Drawing them into a new summit grouping that bridges the North-South divide would serve also to make them more responsible and responsive.
The question is: Can the G8, enlarged into a new G20, provide a solution as a new, important pillar of institutionalized multilateralism? If so, should it be situated within the existing architecture of global governance that comprises the UN system, the Bretton Woods institutions (the World Bank and the IMF), the G8 group, the World Economic Forum and the World Social Forum?"