The delegation of Peru is greatly pleased, Sir, at your election to the presidency of the General Assembly at its fifty-fourth session, especially since Peru was an active participant in Namibia’s independence process, which was advanced by the United Nations. As the first speaker at this morning’s meeting I am particularly pleased to congratulate you and the other officers of the General Assembly. The arrival of the new millennium is a great historic opportunity to initiate an era of peace, progress and well- being, from which no people on Earth should be excluded. That requires a greater commitment on the part of the international community to create conditions that will enable developing nations properly to channel their own energy and potential with a view to achieving comprehensive national development. At the height of the twentieth century, the majority of the world’s peoples remain mired in the social, cultural and technological conditions of the nineteenth century — or even of earlier centuries. We shall be able truly to speak of a new era only if our aspirations for the twenty- first century and the third millennium become tangible reality for those peoples and if those peoples succeed in fulfilling their own legitimate aspirations: in other words, if a globalized world can globalize well-being and dignity. The conversion of our economies to adapt them to globalization has social costs which we can bear provided that this process assures us a future of development and well-being, not one of additional frustrations. Such frustrations could arise if our national economies, rather than growing stronger, are weakened by economic opening based on unequal or unjust terms of trade. The reaction, which no one wishes to see, could be a return to defeated economic ideas. In speaking of my own country, Peru, I can say that, like other peoples, it inherited a heavy burden of injustice and backwardness, but it also has an extraordinary future- looking calling that has made it possible over the past 10 years for our country to become an emerging economy. That future-looking calling has enabled us to defeat the totalitarian, terrorist designs of the Shining Path and of the Tupac Amaru Revolutionary Movement. It was the latter group that seized the residence of the Japanese Ambassador in 1996. The destructive capacity of such criminal activity is on the increase thanks to access to new technology, and today it threatens every region and every continent. If it is not duly stopped, it will undoubtedly become the nightmare of the twenty-first century. Both internal and external peace are essential for the coming of the new era that we are championing. In 1998, Peru and Ecuador were at a crossroads: either to pursue the path of armed conflict, the situation typical of the entire century, which has led to the destruction of peoples; or to follow the path of peace, the only possibility for development. Peru and Ecuador chose peace. The 1998 peace agreement between Peru and Ecuador was the product of two equally important factors: the political will of two Governments taken to its ultimate conclusion; and the capacities, energy and awareness of two peoples determined to overcome old prejudices and work towards a future of development. Ecuador and Peru intend to reach the twenty-first century without the baggage of the nineteenth. Peace has opened up possibilities for the development of Peru and of Ecuador thanks to savings in resources once earmarked for defence, and it has shown again that Latin America is a mature region that rejects warlike tension. But tranquility in our region has been disturbed by the alliance of drug trafficking and terrorism. In some cases, these criminal activities have created power sufficient to challenge States as well as to upset the world economy: illicit drug money may have infiltrated productive, commercial and even political activities. Terrorism and drug trafficking therefore represent a threat to modern society and to good governance. In general terms, poverty, terrorism, drug trafficking and racial discrimination are the main barriers to our glimpsing the new era that as civilized peoples we propose to reach. Our task and our commitment is to overcome these obstacles with firm political will if we want this transitional period in which we live to mark the threshold of a new era for mankind. The concepts of democracy and fairness must prevail. It is important to promote democracy within countries, but also to promote it between countries and between peoples. Democracy applies not only to the internal structure of States, but also to the international relations that will determine the fate of the world. Human rights raised to their maximal power and highest expression are the rights of peoples, and all peoples have a right to the future.