Re: Should global capital flow be more regulated?

Description: Khanna believes that micro-level volunteer efforts will be more successful.

Transcript: There have been efforts the most famous is the toban [phonetic] tax for example which you attempted to great or small. Almost in front us only small tags and global capital flows. The French have experimented with it and they have decided on means that have tax been capital they are taxing, air line or flight tickets small percentage in that’s going into a Poverty Alleviation sort of fund. So there is ideas out there I don’t know if one body can regulate any such thing. I think that’s smaller micro volunteer efforts are going to yield more success and faster and more efficiently than any notion of a new institution or body or intergovernmental organization I will tell you why. The reason is because globalization cannot be centrally controlled. So the United Nations and any other singular institution that wants to be the hub for an issue, now we are the centre of where global securities regulated this is where international traders where, these things are always fail because globalization cannot be controlled from a central point, and central institutions the way we think of them, the way we think of global governance will fail until it adopts to globalization itself.

Recorded on: 3/3/08