Declarations by the President-designate of COP28 in the last four months have also shown that the interests of India and other developing countries are better safeguarded by making common cause with those like Al Jaber
In its current form, globalization has exacerbated inequalities. Globalization 2.0 must address the political ramifications and power imbalance of these cleavages, particularly in trade, data and technology, finance, tax, and climate change policies.
Foreign Affairs Secretary Teodoro Locsin Jr. (PPD photo) MANILA - The Philippine government has called for a "new democratic multilateralism" and an inclusive world economy that empowers not only a few but also the marginalized and vulnerable. In a pre-recorded message to the 15th United Nations Conference on Trade and Development (Unctad 15) on October 5, Foreign Affairs Secretary Teodoro Locsin Jr. highlighted the need for a "decisive transformation of multilateralism" to address the gaps in multilateral developmental processes and the "long-ignored vulnerabilities" of developing countries, especially with the ongoing global health crisis. "Just as we did in 1964 and 1979, we need to find fresh approaches in 2021 to prepare ourselves for the rest of the decade," Locsin said. "This pandemic has caused the most significant disruption in economic, social, and political - not to mention life itself since the Second World War. It demands no les