Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-03-11-Speech-1-056"
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"en.20020311.4.1-056"2
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"Mr President, Commissioner, ladies and gentlemen, Fidel Castro said that opposing globalisation is akin to questioning the force of gravity – both are futile. Globalisation is certainly the direction that history is moving in. In an increasingly interdependent world, we can do nothing but support this development which is the only thing that will eventually enable us to create a fairer world, a world where there is more solidarity, a less dangerous world. The problem is that globalisation in its current form can not bring this about. It is asymmetric, limited to a few rare sectors, such as transport, communication and finance and in fact only concerns the OECD countries plus a dozen more or less developing countries, whereas the majority of third world countries remain under-developed.
Two-thirds of world trade is carried out between the countries of the ‘triad’, which also absorb the majority of direct foreign investments. The remainder goes to a few large countries, such as China, India, Brazil and sometimes a few others. The majority of the 190 countries of the world are not party to either world trade or international investments. The multinationals are, in fact, not interested in the great majority of developing countries and are particularly disinterested in the least developed countries. However, their integration in the world economy requires, by necessity, more investment and the transfer of technology to allow endogenous development. Such endogenous development sometimes demands protection for emerging industries or services. All the developed countries have experienced periods of protectionism, although protectionism is, in the long run, detrimental to development. The opening up of markets of developing countries and their integration into a truly global economy must be carried out in a strictly ordered manner. First of all, we need internal consolidation in each country, followed by a gradual opening up to the global market.
Globalisation, liberalisation and deregulation are not synonymous. Liberalisation calls for new rules – and I agree with Mr Watson on this point – it calls for better rules, particularly for international financial fluctuations. During the second half of the twentieth century, world manufacturing increased six-fold and global trade increased twenty-fold, showing that international trade is necessary for development.
Mr President, I see that I am running out of time. I would like to end by emphasising the world’s main concern, namely that of finding a solution to the problem of third world debt. If we do not find a solution for this persistent problem, we will never achieve sustainable development."@en1
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