Topic: Bilateral, Regional and Global Groupings and agreements involving India
3. Highlight the challenges associated with the globalisation in the current times and explain important role G-7 can play in dealing with these challenges. (250 words)
Reference: Indian Express
Why the question:
The article highlights the challenges associated with the globalisation and important role G-7 can play in dealing with these challenges. Thus the question.
Key Demand of the question:
Explain the challenges associated with the globalisation in the current times and explain important role G-7 can play in dealing with these challenges.
Directive:
Explain – Clarify the topic by giving a detailed account as to how and why it occurred, or what is the particular context. You must be defining key terms where ever appropriate, and substantiate with relevant associated facts.
Structure of the answer:
Introduction:
Start by explaining the challenges associated with the globalisation in the current times.
Body:
The answer body must have the following aspects covered:
Discuss the context that makes this G-7 Summit significant. The most significant expectation of the summit is that it will help determine the shape of globalisation. The summit also seeks to redefine the broader relationship between states and markets in three ways.
Discuss the geopolitical context; there are two geopolitical “cold wars” that cast a shadow on the G-7. In the context of rising geopolitical tensions with China, greater coordination and unity of purpose amongst the G-7 will become more important.
Suggest solutions to the challenges.
Conclusion:
Conclude that if the G-7 wants to truly exercise more leadership, it will have to convince the world that all its wonderful new principles, resilience, inclusion, global public goods, are not simply ruses to serve only the interests of the developed world.
