Ali Ettefagh at PostGlobal

Ali Ettefagh

Tehran, Iran

Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. He is the co-author of several books on trade conflict, resolution of international trade disputes, conflicts in letters of credit, trade-related banking transactions, sovereign debt, arbitration and dispute resolutions and publications specific to the oil and gas, communication, aviation and finance sectors. Dr. Ettefagh is a member of the executive committee and the board of directors of The Development Foundation, an advisor to the United Nations High Commission for Refugees, and an advisor to a number of European companies. Dr. Ettefagh speaks Persian (Farsi), English, German, French, Spanish, Italian, Arabic and Turkish. Close.

Ali Ettefagh

Tehran, Iran

Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. more »

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Be Mature: Don't Focus on Personalities

Tehran -- No. Attending the counter-summit will prove to be an immature mistake. It will lead to another episode of betting on people and single issues rather than long-term global affairs. The members of the G-8 have nominated themselves as leaders of world affairs and they must lead by example.

The G-8 must maintain discipline and refrain from meddling in the politics and internal affairs of each other. It has proved to be serious and successful about stable financial markets. It followed principles of cooperation and like-minded fiscal policies, and avoided a path to undermining and interference.

It sends the wrong signal to most Russians if the G-8 - or rather the old pack of the G-7 - attends the counter summit on Russian soil. It has only been a short period since Russia became a "full member" of the G-8 and this is the first meeting of the group in Russia, which eased the concerns of nationalists in Russia.

Official meddling and alternative summits will fuel nationalism and isolation and will slow the process of open structures. The nationalists remind others that, not long ago, Russia's attendance was framed within a G-7+1 format and limited to economic issues within the club. Many Russians perceived a half-hearted commitment from the capitalist club. A noticeable majority took it as a sign and a boast about "winning" the Cold War. Many observed that the West engaged Germany after the Second World War but isolated Russia after 1990.

Elections over the next two years will move Messrs. Bush, Blair, Chirac and Putin out of office. But Russia is hardly California where an inexperienced, albeit popular personality, akin to Reagan or Schwarzenegger can govern 11 time zones.

The G-8 of industrialised nationals must show leadership, mature relevance and even-handed policies to the whole world. Their control of more than 70% of world's GDP compels them to lead and engage much more serious world issues -- global warming, AIDS, and WTO rounds on agricultural trade. Letting Russians formulate their own political formations can demonstrate such relevance and maturity.

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