Global institutions such as the United Nations, the International Monetary Fund, the World Bank and the World Trade Organization are failing to address the challenges of the new century, Klaus Schwab, founder and chair of the World Economic Forum, wrote in Newsweek yesterday. Schwab said there is a need for a shift in global focus from the Group of Eight industrialized countries to the Group of 20, which includes Brazil, China, India, Mexico, South Africa, Turkey and other developing countries....Schwab writes that "true participatory management, involving governments, business and civil society -- the stakeholders in the global agenda -- is essential to shape a peaceful and prosperous future."