Prime minister Narendra Modi, while stressing on reforms in major global bodies, said on sunday that the 'Global South' has often been a victim of "double standards" and nations that make major contributions to the world economy do not get a place on the decision-making platform. In his address at the session organized on reforms in global governance, PM Modi especially emphasized on reforms in the United Nations Security Council, World Trade Organization and major financial bodies, saying that these should reflect the current realities of the world.
He said, "In the age of AI (artificial intelligence), where technology develops every week, it is unacceptable for global institutions to run without reforms for 80 years. You cannot run 21st century software on 20th century typewriters." He said that without the 'Global South' these institutions seem like mobile phones which have a 'SIM card' inside them but no network.
Top BRICS leaders discussed the challenges facing the world
On the first day of the group's two-day annual summit in the Brazilian coastal city, top BRICS leaders discussed various challenges facing the world. Chinese President Xi jinping and his Russian counterpart Vladimir Putin did not attend the summit. Iranian President Masoud Pezeshkian and Egyptian President Abdul-Fattah al-Sisi also did not attend the summit.
BRICS has emerged as an influential group as it brings together 11 major emerging economies of the world, representing about 49.5 percent of the global population, about 40 percent of global GDP and about 26 percent of global trade. Prime minister Modi said, "The Global South has often been a victim of double standards. Whether it is the issue of development, distribution of resources or security-related issues."
Prime minister Modi expressed regret over this
In his address in the first plenary session, the prime minister regretted that the 'Global South' has often received nothing but assurances on issues such as climate finance, sustainable development and access to technology. The Prime Minister said that two-thirds of humanity still does not get proper representation in the global institutions created in the 20th century. He said, "The countries which have a major contribution in today's global economy have not been given a place on the decision-making platform." He further said, "This is not only a question of representation, but also a question of credibility and effectiveness."
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