"Old ways of managing global affairs, wherein a single digit group of nations could constitute themselves into a global board of management, are over," he said.

Inaugurating a seminar by FICCI (Federation of Indian Chamber of Commerce & Industry) and Shri Ram Centre for Industrial Relations, he hit out at developed countries for giving subsidies that were coming in the way of Doha Round of the World Trade Organisation.

"We cannot continue to live in a world of 'butter mountains and rivers of milk', liberally funded by government subsidies when the poor starve in the villages of the Third World."

Even the United Nations, which could have been a political instrument to manage globalisation, had not succeeded, he said and regretted that not much attention has been paid to politics of globalisation.

He cautioned that the UN would not be able to succeed unless it reforms as an institution and its own management is more democratic and more representative. The increasingly multi-polar world requires global 'rules of the game', not just for trade and capital flows but for the management of peace and security, he added.

The prime minister said there was as yet no framework for movement of people and the focus of globalisation had so far remained on movement of goods, capital and financial and logistical services.

"Developed countries are becoming more restrictive with respect to immigration and movement of labour... Even in the area of trade, we have still not been able to find an acceptable basis for making globalisation more development-oriented," he said.

Referring to the stalemate in the Doha Round of trade tariff negotiations, Singh said WTO talks must remain focused on development issues.

"If the Doha Round has to have a successful outcome then it must remain true to its original mandate of being a Development Round," he said.

"We must find ways in which trade aids its development to ensure that globalisation works for all. This is the challenge before the leadership of developed world."

"While private sector will increase its role and bring prosperity to newer generation of entrepreneurs and professional workers, the government will be expected to provide a range of services," he added.