View: India can lead G20 as a movement for Vasudhaiva Kutumbakam


The Group of Twenty (G20) was formed in 1999 in an effort to broaden the discussion of policies that are beneficial for resolving the global economic and financial crisis. There can be no better opportunity for India to lead the G20 as a movement for the world as one family (Vasudhaiva Kutumbakam). We live on a bruised and contaminated earth, fighting the virus, war, inflation, learning poverty, global warming, and loss of income and employment, all at the same time. Never was there so much despair with oil and gas prices hitting the roof and economies at a loss regarding debt and revival post-recession. It is a ‘second coming moment’.

It is time to envision a world without poverty and disease, where everyone has the social opportunities to develop their fullest human potential. India offers hope. Digital finance and improved regulation and growth, pro-poor public welfare, women’s collectives and diversified livelihoods, infrastructure investments, integrated logistics, innovations in manufacturing, professional leadership in the companies of the world, resonate with all nations. India also has the largest number of multi dimensionally poor households in spite of successfully bringing 415 million persons out of poverty since 2005-06. In a way, India represents the aspirations of the developed and the developing nations. It also faces the human capital challenge faced by poorer nations.

Global power relations are fast changing. The very structure of multi literalism as envisaged by a post-World War World, needs major reforms. Ambitious powerful nations are not hesitating from waging war, challenging the effectiveness of the United Nations for a peaceful world. G-20 leadership is a moment for India’s quiet assertion through thought and action that delivers a more equal India and a multi- lateral global order.

A new economic order is needed if the world has to become one family. The new Economic Order must respect a more equal integration of the nations’ economies, appreciating their respective comparative advantages. India arouses hope for its democracy, diversity, diaspora, digital technology, and demographic opportunities. The world values India’s genuine respect for all religions with zero tolerance for terrorism. Its historical leadership of the non-aligned movement is a strong connect with the fellow developing world, looking for a breakthrough on poverty, deprivation, and women led development. The universal appreciation of yoga and lifestyle for environment (LIFE) is a barometer of what the world expects from India. Swami Vivekananda’s Universalism and respect for all religions in the pursuit of ultimate knowledge, still remains a global hope. This is what we are valued for.
Diplomacy is not about the India way; it is about carrying the nations of the world with you. Understatement and action, not words, are often more powerful tools of diplomacy. India’s successes in improving the Ease of Living of the deprived is a moment of hope for the developing world. India too has much to learn, especially on human capital, from nations that defeated deprivation more convincingly. Human capital drives transformation is the lesson across the world, and it is time for our global family to commit themselves to a five-year global mission for human development. The SDGs and the UN thrust is inadequate and G-20 nations directly taking up the financing of human development will be the best message for a new world of peace and solidarity. This Mission must be implemented locally at a village/habitation level through community connect including women’s collectives, use of technology as a means, a whole of society and government approach that builds on social harmony, gender equality, and global solidarity.

The Global Human Development Mission should cover education, skills, health, nutrition and diversified livelihoods with a women led thrust. For the world to be a better place, there is no going away from a mission mode for human capital that builds businesses from below. From financing complex infrastructure that creates markets for the developed world, multilateral institutions have to seek a more humanist world with the economic potential for transformation through a thrust on outcome-based financing of human capital development across nations.

Warmongering must recede and developed economies must learn to grow without pushing a global arms race. The challenge needs to be faced from a unity of nations for the dividends of peace as a countervailing presence to the petty geo-politics of war for gains. Time has come to face the challenge of well-being for all where one does not have to be poor to make the other rich; both can prosper with basic needs and opportunities. It is time for a more shared growth across nations. Commitment to climate change has to be demonstrated by a willingness of all to make humanity survive. Everyone has to take a few steps for the world to be a happier place.

It should also be a time to revisit businesses and build them from below. There is a need for multi-national companies to revisit the possibility of nationally led entities contributing to their growth. Nations must recognize comparative advantages in sourcing products from a global world that also supports local industry and trade.

The world has no way forward but one that cares for all, a world that values human capital across regions, a world built on the foundations of equality and equal access. It is India’s opportunity to make this significant thrust. War is an expensive weapon for the poor. The Post Covid, war ravaged world is looking for a greater attention on the dividends of peace. Prosperity and faster poverty reduction is the pathway to pre-eminence.

*Amarjeet Sinha is a retired civil servant. The views are personal.


Source link

Leave a Comment

Top 10 Car Insurance Companies in USA 2022 Top 5 Car Insurance quotes in USA Allstates Car Insurance | Types of Coverages Car Insurance Company in USA by Market share Top Car Insurance Companies USA Of May 2022