At G7, Japan and Germany want a rethink on the ‘Global South’

HIROSHIMA, Japan, May 20 (Reuters) – Japan and Germany say it is time for a rethink of how some of the world’s most powerful institutions – including the United Nations Security Council – deal with emerging countries. Outreach to the so-called “Global South”, shorthand for some low- and middle-income countries including India, has been a focus at this year’s Group of Seven (G7) summit in Hiroshima. The interest isn’t just altruistic. The world’s rich democracies are looking askance at China’s heavy footprint across the developing world and worry about its sway over supply chains and critical minerals. Some of China’s…