Speaking at the 69th Session of the United Nations General Assembly in New York Monday, Malaysia’s Permanent Representative to the UN, Datuk Hussein Haniff said in this regard there should be a dedicated pool of resources to assist developing countries in the development of their infrastructure.
The text of his speech was released here today.
Malaysia also suggested for a more diplomatic approach in the process of handling or managing world crises.
“In order for globalisation to benefit all, a new global order to correct the effects of market failures, marginalisation and supersede of power is required.
“Globalisation should also lead to the development and improvement of infrastructure in developing countries,” he said when speaking on Agenda Item 21: Globalisation and Interdependence, at the second committee of the UN General Assembly.
Hussein said Malaysia was also of the view that the current global institutional development framework needed to become more responsive to rapid global changes and to provide unified, multidimensional responses in order to better respond to and manage globalisation.
International institutional structures, he said, also needed to evolve and adapt more quickly to the rapid changes in globalisation and interdependence.
“Renewed global partnership must be a universal and genuine partnership among equal partners, taking into account the principle of common but differentiated responsibilities, and principles of solidarity, equality, national ownership and self-determination, mutual respect and global responsibility,” he said.
— BERNAMA
