How can multilateral institutions benefit from including developing nations, according to the Lok Sabha Speaker?
Explain the importance and advantages of integrating developing nations into global multilateral institutions.
- Increased diversity and representation: Including developing nations enhances the diversity of perspectives and voices in multilateral institutions.
- Equitable decision-making: Integrating developing nations ensures that decision-making processes are more inclusive and reflective of global realities.
- Promotes sustainable development: By involving developing nations, multilateral institutions can better address issues such as poverty, environmental sustainability, and economic development.
- Fosters cooperation: Collaboration with developing nations encourages mutual understanding, trust, and cooperation for achieving common goals.
- Strengthens global governance: The participation of developing nations strengthens the legitimacy and effectiveness of global governance structures.
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2 months ago