Role of the United Nations in Promoting Development in the Context of Globalization and Interpendence

A/RES/53/169View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 91 Macroeconomic policy questions, published in 1999.

What subjects does this mandate have?

11 subjects

Bretton Woods Institutions Debt Conversions Debt Relief Economies in Transition Foreign Direct Investment Globalization Interdependence Least Developed Countries Market Access Recommendations Small Island Developing States

What’s in this document?

15 operative paragraphs

Reaffirms that the United Nations has a central role to play in promoting international cooperation for development and in providing guidance on global development issues, including in the context of globalization and interdependence;

Re-emphasizes the importance of recognizing the needs of developing countries, particularly the special needs of the least developed countries and small island developing States, in the context of globalization, and urges the international community, including the World Trade Organization, to continue to grant more preferential treatment to developing countries, including the least developed countries and small island developing States;

Welcomes the efforts of the United Nations Conference on Trade and Development and the International Trade Centre to help developing countries, in particular the least developed countries and small island developing States, to address their specific concerns within the globalizing economy, in particular through technology-related assistance in the fields of trade, policy, improvement of trade efficiency and policies and trade in services, in particular in electronic commerce;

Emphasizes the importance of recognizing and addressing the specific concerns of countries with economies in transition so as to help them to benefit from globalization with a view to their full integration into the world economy;

Underlines the need to continue to work to ensure the full participation of all the developing countries in the benefits of globalization and also the need to reduce their vulnerability to the negative impacts of globalization and interdependence;

Emphasizes that concerted efforts should be made, through enhanced cooperation and coordination among all the relevant forums and institutions, to minimize the negative impacts and maximize the benefits of globalization and interdependence for the developing countries;

Stresses the importance, at the national level, of maintaining sound macroeconomic policies and developing effective institutional and regulatory frameworks and human resources;

Strongly underlines the importance of an enabling environment for investment, in particular foreign direct investment, market access, good governance, increase in the volume and effectiveness of official development assistance, tackling of unsustainable debt burdens, including through debt conversion measures, flexibility in the Heavily Indebted Poor Countries Debt Initiative and support for regional cooperation and integration as priority areas that need to be addressed in order to achieve sustainable development in all African countries and to encourage the participation of all African countries in the global economy, as recommended in the report of the Secretary-General;3

Stresses the need for continued and constructive dialogue in the appropriate forums among developed and developing countries on issues related to strengthening and reforming the international financial architecture;

Recognizes the urgency of working together in developing a global approach to mitigate the negative consequences of globalization and interdependence, taking into account the specific vulnerabilities, concerns and needs of developing countries;

Invites the Economic and Social Council and the Bretton Woods institutions, in their special high-level meeting in 1999, also to address ways and means of optimizing the benefits and minimizing the negative consequences of globalization and interdependence, in particular for the developing countries;

Requests the Secretary-General to prepare, in collaboration with the United Nations Conference on Trade and Development and in consultation with relevant organizations, in particular the World Trade Organization, the International Monetary Fund, the World Bank and the regional commissions, an analytical report, to be submitted to the General Assembly at its fifty-fourth session, that examines the interrelated issues in order to facilitate better understanding of globalization and makes recommendations on, inter alia:

The role of the United Nations in promoting development in the context of globalization and interdependence;

Promoting coherence, complementarity and coordination on economic and development issues at the global level in order to optimize the benefits and limit the negative consequences of globalization and interdependence;

Decides to include in the agenda of its fifty-fourth session an item entitled “Globalization and interdependence”.

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

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