A Blue Chip panel that included European Union foreign policy chief Javier Solana, former U.S. Secretary of State Madeleine Albright and former World Bank President James Wolfensohn, on Thursday (November 20) argued that the G8 has become "outdated" and must be doubled to include newer nations. It said that the Group of Eight (G8) major industrialized countries should be doubled to include Brazil, China and India and other nations to better tackle global challenges like climate change and economic stability.

In its latest report, the Managing Global Insecurity Project said that the leadership and mandates of key international institutions, from the G8 to the U.N. Security Council, have not kept pace with the new powerholders and dynamic threats of a changed world.

The report recommended expanding the G8, which is comprised of Britain, Canada, France, Germany, Italy, Japan, Russia and the United States, to include Brazil, China, India, Mexico and South Africa. It also proposed adding Indonesia, Turkey, Egypt or Nigeria to create a Group of 16.

Thomas Pickering, a former U.S. undersecretary of state for political affairs, said that some nations might resist seeing their own influence diluted but said solving some problems required a broader range of actors.