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Statement by H.E. Ambassador Zhang Yishan On Globalization and Interdependence at the 2nd Committee of the 57th UN General Assembly


Mr. Chairman,

The Chinese delegation is grateful to the Secretary General for the report he submitted under this item. We also support the statement made by the distinguished representative of Venezuela on behalf of the Group of 77 and China.

Globalization is inevitable result of the development of productive forces and of science and technology. It promotes the gradual optimization of the economic factors on a global scale, thus enhancing economic efficiency. However, since global governance has not kept pace with the rapid development of market globalization, the negative impact of the latter has greatly increased, further aggravating the inequities in the global financial and trading systems. Many developing countries have been left in difficult situations as a result of the negative impact. The Millennium Declaration calls for globalization to become a positive force benefiting all peoples of the world. How to meet this challenge and how to balance out the benefits of market globalization on the one hand and equitable global governance on the other are issues that need to be addressed.

We note that the gist of the Secretary-General's report is about economic governance and I would like to make a few observations on this point.

Firstly, global democratization must go hand in hand with global integration. This will require us to reform the existing global financial, monetary and trading systems, making them more equitable and democratic, and increase developing countries' participation in global decision making and norms setting so as to have their interests and needs properly reflected. This has been the subject of international consensus after the debate at the International Conference on Financing for Development. Now the problem is how to translate this consensus into reality. We note that the communiqué issued by the Development Committee of the Bretton Woods institutions after its fall meeting has responded positively in this regard and that the item is included in the agenda of its spring meeting next year. We hope to see concrete results then.

Secondly, globalization should respect diversity and ownership. Facts show that globalization does not necessarily mean that there ought to be a uniform model to development. In view of the existing differences in social systems, development levels and cultural traditions, it is necessary for countries in the process of globalization, to have the right to choose independently their own way to development and to determine, in light of their own national conditions, the modality, sequence and pace of their opening up. It is also necessary for globalization to promote increased exchanges between cultures on the basis of mutual respect and to promote tolerance and harmonious co-existence, thus injecting new vitality into progress of mankind. The practice of imposing one and the same model on all countries will lead us nowhere.

Thirdly, globalization should enhance