In today's world of globalization and shifting powers from the West to the East, the Economist magazine in its most recent editorial raises some very real questions.
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CLUBS are all too often full of people prattling on about things they no longer know about. On July 7th the leaders of the group that allegedly runs the world—the G7 democracies plus Russia—gather in Japan to review the world economy. But what is the point of their discussing the oil price without Saudi Arabia, the world’s biggest producer? Or waffling about the dollar without China, which holds so many American Treasury bills? Or slapping sanctions on Robert Mugabe, with no African present? Or talking about global warming, AIDS or inflation without anybody from the emerging world? Cigar smoke and ignorance are in the air.
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Current challenges facing the world i.e. global warming, food crisis, oil crisis and terrorism etc, require genuine cooperation and a development of trust between the different continents. Its time to stop playing the blame game and the time to recognize that every country has a stake in fixing these problems. None of these problems can be fixed unilaterally and no country should make the mistake of thinking that it can tackle these problems unilaterally. This is even more reason to include the key stakeholders from the developed, developing and not so developed world. The future of the world depends on it.
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