"The Dawn of a New Bharat": British economist Jim O'Neill, noted for coining 'BRICS', declares the G20 as the sole forum capable of global problem-solving, crowning PM Narendra Modi the 'clear winner' in recent summitry, reports Project Syndicate
In a world fraught with challenges, the G20 summit emerges as a beacon of hope, bringing forth solutions to global predicaments. Jim O'Neill, a British economist renowned for coining the term BRICS, recently lauded the efforts spearheaded by Indian Prime Minister Narendra Modi in the recently concluded summit in New Delhi.
According to O'Neill, the successful orchestration of the summit has catapulted PM Modi to the stature of a "clear winner" in this season of international diplomacy. Project Syndicate echoed this sentiment, underlining the pivotal role the G20 plays in addressing global challenges, transcending the capabilities of other groups like BRICS and G7. Despite inherent differences amongst member states, the summit underscored the relevance of G20 in the modern world, overshadowing alternative groupings that now resemble mere "sideshows," as O’Neill aptly remarked.
The "New Delhi Declaration" heralded a robust concerted effort to grapple with pressing global issues such as climate change, economic stability, and infectious disease control. This concerted effort, despite the absence of key figures like Russian President Vladimir Putin and Chinese President Xi Jinping, received nods from Chinese and Russian representatives, who gave their affirmation after liaising with their respective governments. The declaration marks a victory for PM Modi, painting him as a visionary statesman at the forefront of global diplomacy. O'Neill highlighted Modi's diplomatic triumph, emphasizing his role as a torchbearer for the Global South.
Further cementing PM Modi's victory is the significant inclusion of the African Union in the G20, subtly expanding its influence and raising questions about the efficacy of the newly included body in fostering global unity. This expansion calls into question the randomness of BRICS' own enlargement, which failed to integrate key African nations like Nigeria.
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However, the summit wasn't devoid of criticisms, especially pertaining to the ongoing crisis in Ukraine. While the G20's stance on the issue might not have fully resonated with Ukraine's expectations, it delivered a "clear message" to potential transgressors of internationally recognized borders. O'Neill underscored the gravity of the G20's collective voice, superseding other groups like G7 in influencing critical global issues encompassing economy, climate change, and public health.
As the world continues to grapple with evolving challenges, the "New Delhi Declaration" stands as a testament to the fact that global hurdles cannot be overcome without the participation of emerging powers. While critics argue about the G20's expansive nature hindering its efficacy, O'Neill suggests a powerful precedent: a streamlined representation at international congregations to foster a truly purpose-driven global governance body.
In conclusion, the recent G20 summit marked a notable shift in the dynamics of global leadership, spotlighting PM Modi's foresighted statesmanship. As O'Neill discerned, the summit served as a reminder of the urgent need for cohesive global collaboration, with the G20 paving the way for an inclusive, robust approach to address the world's pressing issues.
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