Indian Council for Research on International Economic Relations

Seminar Details

24 Mar 2005

Panel Discussion on Reforming Global Governance
 
 
March 24, 2005
 
From L to R: Dr. Virendra Dayal, former Member, NHRC and former Under Secretary General, UN, Mr. Nitin Desai, Honorary Professor, ICRIER and Former Deputy Secretary-General of the UN, Prof. Arjun Sengupta, Chairman, the Center for Development and Human Rights, New Delhi, Dr. Arvind Virmani, Director & Chief Executive and Mr. Anwarul Hoda, Member, Planning Commission. 

ICRIER organised a panel discussion on ‘Reforming Global Governance’ in view of the wide-ranging global changes and challenges affecting the UN today. The aim of the discussion was to present an Indian and a developing country perspective on the reforms of global governance as well as to reflect on the role of the Bretton Woods Institutions. 

Chairing the discussion Mr. Arjun Sengupta, Chairman, National Commission for Enterprises in the Unorganised and Formal Sector & former Executive Director for India in the IMF pointed out that the UN till now has effectively spelt out the gaps and links within the governance system to facilitate development. And today it has to play the role even more effectively. 

Speaking on the emergence of human rights reforms as also the contentious issue of humanitarian intervention, Mr. Virendra Dayal, former Member National Human Rights Commission and former Under Secretary General in the UN, said that India should play a proactive role in the emerging human rights regime of the UN, as well as in the evolution of norms for humanitarian intervention. Raising pertinent issues related to WTO rules vis--vis the developing countries, Mr. Anwarul Hoda, Member, Planning Commission, explained that it was mostly the manner in which the WTO rules were implemented and not the rules per se that resulted in tilting the gaps against the interests of the smaller countries. Mr. Nitin Desai, Honorary Professor, ICRIER, emphasised that the effectiveness of global mechanism for the articulation of norms and standards was perhaps the most spectacular achievement of the UN today. He stressed on legitimacy of the multilateral system in the eyes of the North and South, which he felt would be questioned if decision making bodies like the Security Council are not modified to give greater voice to the third world.

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