Background Paper No. 33
By Anit Mukherjee and Caroline Arkalji
Background Paper No. 39
By Anit Mukherjee and Caroline Arkalji
By Andreas Kuehn
The contest for AI supremacy is no longer about who has the best models, but about who can fund, power, and scale the infrastructure behind them.
By Udaibir Das
Can capital take on purpose without money losing the fungibility on which markets depend? The question must be asked while the machinery is still being chosen.
By Dhruva Jaishankar
The India-New Zealand partnership has benefited in recent years from top-down political attention, a strong people-to-people foundation, and external impulses compelling both New Delhi and Wellington to diversify their partnerships. The next few years represent an opportunity to build upon the foundations of an FTA and Strategic Partnership and construct a relationship that is more than two-dimensional.
Participants and organizers noted that despite a few recent efforts, the situation concerning the United Nations Security Council (UNSC) has been static, with recent efforts at reform disappointing. While the Pact for the Future was a landmark meant to address historical injustice, it was, in some sense, a missed opportunity. UN@80 is an opportunity for greater flexibility, focus, and ambition.
Multilateralism is still necessary in a changing world but it must reflect the shift in global power. The UNSC reflects the immediate post-World War II order of 1945. Asia, with 60% of the world’s population, has only one permanent member: China. The third-, fourth-, and fifth-largest economies in the world (Germany, India, and Japan) are not permanently represented. Africa, home to 25% of UN members, has zero permanent UNSC members despite Africa being the subject of about 60% of UNSC resolutions. UN member states are increasingly turning to alternative multilateral and regional bodies, such as the G20, G7, BRICS-plus, the Quad, and the African Union, to address multilateral challenges. Growing violence around the world underscores the need for change, including the role of the UNSC and the politics around the veto. Opening the conversation to a wider public is absolutely necessary and the UNSC must be made more accountable.
Participants, including from permanent members (P5) of UNSC, noted that the invasion of Kuwait was a wake up call for UNSC reform. The 1990s also saw limitations in preventing genocide. In practice, the UNSC had already become more of a humanitarian organization, mitigating but not dampening conflict, with a particular focus on civil wars, non-proliferation, and counterterrorism. The UNSC now meets more frequently than ever but passes fewer resolutions. The body has been found wanting in crises such as Syria, Ukraine, and Gaza, and has fallen short in Sudan, Ethiopia, Myanmar, and Haiti. Moreover, the UNSC is unable to contend with transnational security challenges, such as pandemics and climate change, and the breakneck speed of technological advancements. Meanwhile, functions such as peacekeeping and humanitarian delivery are increasingly privatized, as in the Sahel and Gaza. There are also widespread concerns about the overuse of the veto by three of the five permanent members of the UNSC.
The reform process is characterized by several entrenched coalitions: the P-5 current permanent members, the G4 permanent member aspirants (Brazil, India, Japan, and Germany), the L.69 developing economies that want to dilute the veto further, an elusive common Africa group position, and the Uniting for Consensus coalition that is resistant to reform. Among the P5, France is most open to UNSC reform and aligned to the G4 position of about 27 total members and two permanent African members.
The UK is also open to permanent seats for the G4 and Africa, but both have stressed the need for more clarity from the Africa group. Discussions should move to the Intergovernmental Negotiations, but some participants prefer using other venues. Participants raised questions about how to raise the political price of the use of the veto. Some participants recommended the responsible use of the veto, making the veto costly, and enforcing article 27.3 of the UN Charter to prevent future deadlocks. Article 27.3 states an obligatory abstention by UNSC members on disputes to which they are a party but this has not been enforced in practice.
The second session discussed the perspectives of the L.69 group, representing several developing countries in the Global South, which has advocated for more radical UNSC reform proposals that might further dilute the power of permanent members. Members of the L.69 discussed the major implications of UNSC decision-making in the Global South and their unwillingness to accept the system as it is today. Some affirmed that both the permanent and non-permanent categories should be expanded to include two Africa, two Asia, and one Latin America permanent seats on the council.
Some members noted that there is a divergence on the subject of veto power and the total number of seats to be added to the council. The more conservative members warned that expansion could entrench existing hierarchies.
Looking beyond reform, the members also discussed the tools at the disposal of the UNSC to maintain international peace and security and the cost of bad decision making. Members explored accountability of a reformed UNSC and how those in positions of power should reflect on and internalize the consequences. Members agreed that reform needs to be comprehensive and address the various dysfunctionalities, as well as that all members of the UNSC must contribute to keeping international peace and security. Overall, there was some commonality between the G4 and L.69 positions, and India — as a member of both groups — can facilitate that process to create a common negotiating position.
The third session explored the G4’s proposals for UNSC reform. The G4 is a progressive advocacy group seeking real and expedited reform, comprising Brazil, Germany, India, and Japan. This group has offered a model involving their own inclusion as permanent members, along with two African representatives, the expansion of the non-permanent category, and a 15-year review clause. Participants expressed dissatisfaction with the reform process, including alack of text and timelines, and the need for complete consensus beforeatext can be presented. There was also opposition to faith-based representation at the UNSC. The G4 expressed flexibility on many issues, barring reform of the permanent category, which members consider non-negotiable.
Members of this group noted that the shared values of global governance of the G4 go beyond the purpose of UNSC reform negotiations. The G4 expressed its intent to take its place on the council seriously and make meaningful contributions to the UN system by 2030. This would be the only way for the UNSC to make itself more relevant and legitimate. Participants also highlighted the need to make the process less opaque, and advocated for a more open, transparent, and inclusive approach to UN reforms. A consolidated model later this year is possible but will be difficult.
In the final session, members of Africa Group reaffirmed the need for no less than two permanent seats and at least five nonpermanent seats on the Security Council. The lack of consensus about a formula for determining African representation has delayed the move toward text-based negotiations, with some advocating going slower to ensure a stronger consensus. There is hope that a model might be finalized following discussions in Sierra Leone and Zambia. Participants also raised other contributions that Africa could provide, including as a resource and for legitimacy.
Unlike members of the G4, this group emphasized the need for patience in reform to ensure effective representation and functioning of a reformed council. Some members noted that text-based negotiations could be a move backwards without consensus on reform.
By Udaibir Das
China must build on its institutional progress and the policy suggestions noted in the 2025 FSSA while adapting to a more fragmented global financial landscape. The shift from insulation, as pointed out by the IMF in 2010, as well as the shift to sensible integration, as outlined by the IMF in 2025, stays unfinished.
This special report explores the opportunities of a U.S.-India Strategic Energy and Industrial Partnership.
Special Report
By Aditya Ramji
By Udaibir Das
As concessional finance declines, vulnerabilities mount and aid priorities shift, vulnerable low-income countries must increasingly rely on domestic sources of funding. Efficient capital markets are not a luxury – they are foundational infrastructure for economic growth.
By Linda Nhon and Andreas Kuehn
Trump 2.0’s overall policy directions in critical and emerging technologies will likely hew to common expectations. The details, however, of what technologies the new administration will prioritise and how actions, such as tariffs and export controls for example, will affect the United States’ (US) innovation and technology leadership remains underexplored.
By Dhruva Jaishankar
Learnings from Delhi’s past should help in shaping the future as India bets big on new critical technologies.
By Udaibir Das
The key question is not whether the decline in aid and external assistance will push these economies towards more debt – it already does – but rather what kind of debt they will incur and what long-term implications it will bring.
By Dhruva Jaishankar
The EU and India both have apprehensions about China’s economic and manufacturing supremacy threatening employment and businesses at home.
By Dhruva Jaishankar
Trump and Modi announced a wide-ranging agenda to take the bilateral relationship forward. It included efforts that built upon the progress made during the Biden administration, particularly in terms of technology, defense, and regional cooperation.
By Dhruva Jaishankar
Understandably, Germany will be preoccupied in the short term with Europe’s eastern and southern flanks, the transatlantic relationship, and the Middle East, but Berlin has important economic and security interests in the Indo-Pacific.
By Udaibir Das
As AI takes on a greater role in economic analysis and policy, an unsettling question arises: will its ability to recognise systemic risks with historical precedents weaken with a lack of immediate algorithmic reference?
By Udaibir Das
The world’s most populous democracy faces a turbulent landscape of geopolitical rivalries, technological shifts and the urgency of climate action. The question remains: will global economic forces propel India toward leadership or will they impede its ascent?
By Udaibir Das
In 2024, Africa’s economic and political importance grew significantly, laying a strong foundation for 2025 to be a transformative year for the continent.
By Vivek Mishra
Indian leadership must remain cautious as "America First" will loom heavy on Trump's foreign policy. As transfer of technology is of high priority for India in defense collaborations, elements of this sector will likely be at odds with Trump’s agenda.
In Vishwa Shastra, Dhruva Jaishankar provides a comprehensive overview of India’s interactions with the world — from ancient times to the present day. He describes a long tradition of Indian statecraft and strategic thinking on international affairs, charts early India’s relations with a vast geography from the Mediterranean and Africa to Southeast and Northeast Asia, and captures the costs and consequences of European colonialism. Jaishankar also describes India’s territorial, economic and governance challenges upon Independence and the origins of India’s rivalries with Pakistan and China.
Speaking to a wide audience that includes policymakers, scholars and especially students, Vishwa Shastra offers both rich historical context and forward-looking strategies for India. Highlighting India’s transition from Cold War non-alignment to post-Cold War realignment, Jaishankar outlines India’s strategic objectives: bolstering national power, securing the neighbourhood, maintaining a balance of power in the Indo-Pacific, and leading at international institutions.
Balanced, comprehensive and rigorous, Vishwa Shastra goes beyond shedding light on how India can maneuver in a challenging geopolitical landscape and advance its interests in an interconnected world: it gives us a clear-eyed perspective on how India might actually define the emerging world order.
Read media coverage here and book reviews here.
Watch the launch here.
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