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China Urges Attention on Developing Country's Interests in Globalization
A senior Chinese diplomat said Thursday that the international community should pay more attention to the interests of developing countries in the trend of globalization.
Addressing the second high-level dialogue on Strengthening International Economic Cooperation for Development through Partnership, Deputy Representative of China to the U.N. Shen Guofang said developing countries deserve better protection from the negative impact of globalization.
"Globalization has enhanced the development of world economy but it has also caused imbalances in it," Shen said. "Developing countries, which account for the majority of the world population, have not been able to fully participate in global economy activities."
"While having benefited much less from globalization in contrast to developed countries, developing countries are bearing the brunt of globalization's negative impact. Many of them have even been further marginalized," he added.
He warned that if this trend of ignorance goes unchecked, the polarization brought out by globalization will become even worse rather than better.
He said that in order to facilitate the integration of developing countries into the world economy, sufficient funding is needed much more than ever.
"For a long time, Official Development Assistance (ODA) is a major source of funding for helping developing countries to realize their sustainable development," he said. "Regrettably, the overall level of ODA has been continuously decreasing and there have been more and more conditions and requirements attached."
He urged that developed countries can reach their goal of 0.7 percent of their GNP as soon as possible. "At the same time, the conditions they attached to ODA should conform to realities in the recipient countries," he added.
"Developed countries, those heavyweight players in the global economy, should take into consideration the long-term objectives of global prosperity as well as their own long-term interests, correct the inequalities in global governance, attach importance to the voice of developing countries and support the latter's full participation in the formulation of international rules of games so that their interests in the international economics system will be abundantly represented," he concluded.
The two-day meeting comes as part of the follow-up to the assembly's Agenda for Development, which was adopted in 1997. The Agenda called for holding a dialogue on emerging issues concerning international cooperation for development.
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