Brief by Shorts91 Newsdesk / 04:15am on 23 Jan 2024,Tuesday India
Highlighting both the benefits and drawbacks of globalisation, India's External Affairs Minister, S Jaishankar, criticized its negative impact on economic power concentration during an address in Lagos. He remarked that currency, trade, and tourism have become "weapons," controlled by a few regions, fostering dependency. Jaishankar emphasized a reluctance to alter the 1945-established world order, limiting opportunities for others. He stated, "The world was diverse and it was distorted by the period of Western domination." While acknowledging positive aspects, he noted globalisation's economic concentration challenges. The minister's insights were shared during an interaction session at the Nigerian Institute Of International Affairs.
