IBSA - India ... Talk-fest Groups or Action Teams

The minister said that, "IBSA cooperation can also expedite the long-pending reform of the international financial architecture to serve our requirements," he said while highlighting the need for critical reforms in view of the current financial meltdown.

While highlighting the IBSA cooperation as "a new role model for the South-South Cooperation in the new millennium", Mukherjee added, "In these times, we can serve as growth poles for each other. India-Brazil and South Africa, being amongst the leading economies of the three continents are also conscious of their responsibility to other developing countries."

Safe, Steady and Sure

Between ASEAN and IBSA, India needs to take such groupings from talk-fests to action-teams. Western clubs like UN, IMF, World Bank, G-7, P-5, etc are all heavily weighted against 'outsiders' like developing nations. We can keep banging our head against these altars, for another 60 years. It wont work.

We need to move - not necessarily fast, but surely and steadily.

Announcement

The 2ndlook model for a Third currency Bloc is ready. Join in to review, participate, critique and develop the First Cut. While the need for a new global reserve currency has been evident, there is very little in the public sphere. The speed of events has clearly caught the BRICS and Third World napping - and unprepared. But, not 2ndlook - who, from the very beginning, proposed that the world should stop clinging to the Dollar-Euro skirts.