Fiji Addresses United Nations on Effects of Globalisation

New York
Wednesday, October 23, 2013

Economic globalisation presents both opportunities and challenges for developing countries.  Speaking in Fiji's capacity as Chair of the 133-member Group of 77 and China, Fiji's Permanent Representative to the UN, Ambassador Peter Thomson, addressed the UN's Second Committee in New York today on the subject of economic globalisation.

Ambassador Thomson said that while economic globalisation  primarily involves the financial and economic aspects of national endeavour, global interdependence almost inevitably affects national law-making systems and cultural identities.

He said that the Group of 77 recognises that economic globalisation provides opportunities to spread advanced technologies, foreign capital and management experience to all corners of the world.  However he called for it, "to be shaped to ensure benefits are shared by everyone, facilitated by an inclusive multilateral system".

Ambassador Thomson's address called upon the UN to promote greater coordination and interaction with relevant international financial and economic institutions, to ensure coherence with the UN development agenda, particularly in the post-2015 era.

He said that the Group of 77 recognises "the vital role that science and technology, including environmentally sound technologies, can play in development and in facilitating efforts to confront global challenges".

Ambassador Thomson extrapolated these global challenges to include: eradication of poverty, achievement of food security, the fighting of diseases, improvements in education, accelerating the pace of economic diversification and transformation, improving productivity and competitiveness, and protection of the environment.

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