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And as a result, you know, in a world where, let's say, <strong>the</strong> IMF judges things based on<br />

economic size, <strong>the</strong>y don't have a lot of influence to begin with. The last thing <strong>the</strong>y want<br />

to see is things corresponding to economic growth even more, where <strong>the</strong>y lose out even<br />

relatively speaking to China and India.<br />

In terms of sitting down with <strong>the</strong> `08 group, you know, with whoever comes in `08, what<br />

my advice would be -- I would probably give two pieces of advice.<br />

The first would be if you're going to engage in U.N. -- <strong>the</strong> first is to engage in U.N.<br />

Security Council reform, which is namely cut India in and potentially Brazil, and keep it<br />

at those two. I'm not necessarily sure you want to do any more, which of course is going<br />

to make it fantastically difficult.<br />

But I -- <strong>the</strong> Security Council seriously worries me in <strong>the</strong> future, where it's this situation<br />

where Britain and France both have vetoes and yet India doesn't. That strikes me as<br />

increasingly it's going to look more and more anachronistic. And for <strong>the</strong> U.N. to retain<br />

any kind of influence, I think you're going to need to see <strong>the</strong> buy-in of large developing<br />

countries.<br />

The o<strong>the</strong>r thing I think is going to be to have some more flexibility in terms of potentially<br />

<strong>the</strong> U.S. creating new organizations as a -- you know, because new organizations -- you<br />

know, you don't have to deal bureaucratic inertia and you don't have to deal with <strong>the</strong><br />

past. There might be some issues such as, let's say, <strong>the</strong> environment or trade where it<br />

might be appropriate to create new, more flexible groupings and clubs that actually bring<br />

in rising powers as well as our existing allies.<br />

OPERATOR: All right. Once again, if you'd like to ask a question, you can press <strong>the</strong><br />

star key followed <strong>by</strong> <strong>the</strong> one key on your touch-tone phone now.<br />

There are currently no more questions.<br />

ROSE: Okay. Well, this -- we all have busy schedules, and Dan, I want to thank you for<br />

your time and recommend his piece and <strong>the</strong> rest of <strong>the</strong> issue to all of you, and we'll see<br />

you -- or speak to you at our next call sometime down <strong>the</strong> road.<br />

Thank you very much for participating.<br />

DREZNER: Thank you.<br />

END OF INTERVIEW

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