International economic security

 

International economic security

  The General Assembly, Recalling its resolutions 3201 (S-VI) and 3202 (S-VI) of 1 May 1974, containing the Declaration and Programme of Action on the Establishment of a New International Economic Order, 3281 (XXIX) of 12 December 1974, containing the Charter of Economic Rights and Duties of States, and 35/56 of 5 December 1980, the annex to which contains the International Development Strategy for the Third United Nations Development Decade, Bearing in mind the Final Act adopted by the United Nations Conference on Trade and Development at its seventh session, Recalling its resolutions 40/173 of 17 December 1985 and 41/184 of 8 December 1986, and taking note of Economic and Social Council decision 1987/162 of 8 July 1987, Having considered the report of the Secretary-General on a concept of international economic security, Reaffirming that co-operation among all countries should be based on respect for independence, sovereignty, territorial integrity and non-interference in the internal affairs of each State, and on the right of the people of each country to choose freely their own social, economic and political system, Convinced that the efforts of States to co-operate in all areas of economic activity contribute to the reinforcement of international peace and security in accordance with the Charter of the United Nations, and recalling, in this connection, the Final Document of the International Conference on the Relationship between Disarmament and Development, Further convinced of the need to strengthen the United Nations and the United Nations system to achieve the purposes set out in the Charter, in particular in Article 55, to create conditions of stability, well-being and economic and social progress, and to promote the development of developing countries, Recognizing that the increasing complexity of the interrelated issues of money, finance, external debt, trade, commodities and development calls for a universal, more comprehensive and continuing dialogue to address these issues on the basis of common interest, equality, non-discrimination and collective responsibility and to the mutual benefit of all countries, Aware that both national and international policies should be growth-oriented and mutually reinforcing in order to make interdependence, in contrast to the experience of the recent past, a vehicle for transmitting and cumulating positive impulses and benefits for all countries, with special emphasis on the development needs of developing countries, Reiterating that the alleviation of the most urgent economic problems of developing countries is a major factor in ensuring international economic stability and a better political climate, Calling for the reinforcement of multilateral co-operation in promoting a common understanding and determining practical approaches and measures to deal with problems of growth, development, in particular of developing countries, and other international economic issues, Recognizing that the strengthening of co-operation within the United Nations system, including its operational activities, would help to create a more predictable and more supportive international economic environment and increase confidence in international economic relations designed to bring about a healthy, secure and equitable future for the world economy, Reaffirming that regional and subregional economic integration could in appropriate cases serve as an essential element in strengthening economic and technical co-operation, in particular in the sphere of science and technology for development, as it contributes to a more predictable international economic environment,

1. Takes note of the report of the Secretary-General on a concept of international economic security;

2. Emphasizes that the Charter of the United Nations provides a basis for conducting relations among States in a manner that would promote the shared objective of revitalizing development, growth and international trade in a more predictable and supportive environment through multilateral co-operation and thus also promote peace, security and stability;

3. Expresses its conviction that the search for international economic security should be based on a constructive, universal, more comprehensive and continued dialogue within the United Nations and the United Nations system aimed at developing practical approaches and measures that contribute to improvements in the international economic system through reform and strengthening of the framework of principles and rules governing trade, monetary and financial relations within which countries operate;

4. Recognizes that the United Nations should make a greater contribution to the efforts of Governments to improve their capacity to manage the interrelationships among different economies and the linkages between various sectors and issues;

5. Requests the Secretary-General, in monitoring the development of international and multilateral economic co-operation, to continue his efforts to enhance the capacity of the United Nations to focus on current and potential problem areas in the world economy in order to assist Governments in taking concerted measures, in particular to solve development problems of developing countries;

6. Also requests the Secretary-General to consult with eminent persons representing all regions on principles of international economic security in the light of the present resolution, keeping in mind the existing mandates on development and international economic co-operation, and to submit the findings thereon to the General Assembly at its forty-fourth session through the Economic and Social Council.