Wednesday, September 27, 2006

IMF & Its Voting Rights...

In their latest summit in Asia, IMF has on adhoc basis decided to increase the voting power of 4 developing countries which does not include India. Does that makes sense. IMF has told this to be the biggest change in IMF in past 60 years. What is the basis of such change has not been explained by IMF. The randomness of the change in voting rights will definitely rub the wounds of the countries who have been fighting against the partial treatment towards developed nations by IMF & the WTO.
These news items do not make any headlines in our country which, in fact, needs to be given utmost importance considering the scale of Globalisation of the country. In this context we need to be politically active on the international level also. The sad part is we, INDIANS are not active in local activities and expecting them to be one on the global scale is too much. But the fact remains unless & until we do not actively participate in political activities we are not going to derive any benefit from it.
 
Let's HOPE that this situation changes over a period of time. What is required can't be expected by revolution but EVOLUTION is expected.....
 

 

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