It is with great pleasure that my delegation extends to you, Sir, its sincere congratulations on your unanimous election to the presidency of the General Assembly at its current session. My delegation also wishes to take this opportunity to express its deepest appreciation to your predecessor, Ambassador Razali Ismail of Malaysia, for his exceptional leadership and creative energies during the past year. I also wish to congratulate the Secretary-General, Mr. Kofi Annan, for the new dynamism which he has brought to the Organization since he took office last January. This fifty-second session of the General Assembly takes place against the backdrop of transition and transformation in the world. The euphoria that came in the wake of the end of the cold war has given way to a sense of realism about the new, and no less formidable, challenges that confront us all in this era of globalization. The changes, led by technology and the globalization of business and information, seem endless and increasingly complex. Governments, meanwhile, face the daunting task of constantly trying to discern and adjust to the new order of international relations. For all the changes, some legacies of the cold war are still very much with us. Nothing brings home this reality more than the unfortunate events unfolding in Cambodia. While the situation in Cambodia that confronts us today is very different from the one we faced before the signing of the Paris Peace Accord, finding a solution is no less difficult. How can we deal with a conflict which is basically internal in character, particularly when our ability to influence events has become limited and we are overcome with the fatigue born of déjà vu? Clearly, we cannot turn our backs on Cambodia. But the reality is that we in Thailand and in the Association of South-East Asian Nations (ASEAN), as well as the entire international community, can only be supportive to the extent that the Cambodians themselves are willing to give peace a chance. The situation in Cambodia reflects a peculiar aspect of this brave new age we are entering. Even as the world is being transformed by sweeping global trends, some problems are so deep-rooted that they resist even the best efforts of the international community. The United Nations, no stranger itself to intractable conflicts, will continue to be one of our best hopes for resolving such situations. While tending to such traditional challenges, the United Nations must also address the many complex new challenges brought on by the process of globalization. Indeed, globalization has come to mean different things to different people. To many, it holds out the promise of an unprecedented era of progress and prosperity. To its proponents, globalization has unleashed the forces of creativity and productivity in the world economy. 12 Globalization has been heralded for having spread the ideas and values of democracy and freedom worldwide. On the other hand, there are those who contend that globalization has become an all-embracing pretext for the imposition of certain sets of ideas and values. They see globalization as leading to a monopoly of economic power in the hands of a ruthless few whose sole allegiance is to the workings of market forces, while the vast majority of humanity is increasingly marginalized. The reality most likely lies somewhere between these two extreme views. The fact of the matter is that we must all develop the capacity to cope with the effects of globalization, both positive and negative. Even the more successful developing countries have not escaped the tremendous turmoil that integration into the global market can bring on, as evidenced by the currency crisis that Thailand and many other countries in South-East Asia are going through. Thailand’s recent experience suggests that to thrive under economic globalization, developing countries have to fully understand how market forces work and to adapt themselves accordingly. Thailand has learned that financial liberalization requires a high degree of discipline from both the public and private sectors. Also crucial is the need to be vigilant in improving prudential regulations. Moreover, a more comprehensive macroeconomic analysis is needed in order to improve the monitoring of current economic conditions. But Thailand’s basic strengths remain. Our economic fundamentals are still underscored by a remarkably high savings rate, relatively low inflation and a strong tradition of market-oriented policy framework. We are firm in our commitment to free and open markets. We are also active in promoting regional cooperation and economic liberalization through such frameworks as the Association of South-East Asian Nations (ASEAN) Free Trade Area, the Asia-Pacific Economic Cooperation Council and various subregional development schemes. Moreover, we are firm in our determination to achieve good governance and greater democracy. This past Saturday, the Thai Parliament approved the new draft Constitution, which emphasizes transparency, accountability and the role of public participation. Our political reform goes hand in hand with our economic reform. We realize that we can no longer put off economic restructuring if we are to get back on track quickly. We are therefore seriously implementing the conditions of the International Monetary Fund rescue package. We are also working with the World Bank and the Asian Development Bank to restructure our financial system, enhance our export competitiveness and return the economy to its long-term sustainable growth through necessary reforms of the civil service, privatization, industrial restructuring and the upgrading of the quality of our workforce, our technology and our infrastructure. I prefer to think of this crisis as a blessing in disguise. While we have done many things right in the past — including progressive industrialization and liberalization of international trade and investment — with the benefit of hindsight, the macroeconomic capability to cope with an increasingly open capital market was inadequate. Globalization of business and finance compels us to become more competitive through greater openness and transparency. Our economy is too deeply integrated into the international economic system to do anything less. We cannot fight the market; what we must do is ensure that the market works efficiently and equitably. At the same time, Thailand’s experience also shows that the United Nations has an important role to play in coordinating macroeconomic policy at the global level. Closer cooperation and coordination is needed between the United Nations and the Bretton Woods institutions, the World Trade Organization and major industrial countries to provide integrated support for the enhancement of capacity-building in those countries whose economies are still weak. Globalization of course has its winners and losers. The rules of the game should therefore take into account both the weaknesses and strengths of all countries concerned. As a universal and multi-purpose Organization, the United Nations is the only institution in the world capable of forging a global partnership among States, big and small, rich and poor, powerful and weak. No single State or region can go it alone. This is why Thailand is committed to supporting the United Nations. This is why Thailand welcomes the reform-action initiatives and proposals recently put forward by the Secretary-General. I hope that these measures will enable the United Nations to carry out its responsibilities with increased efficiency and effectiveness. I wish the Secretary-General well on the further implementation of these proposals. Thailand attaches great importance to the strengthening of the role of the United Nations in 13 promoting international cooperation for economic and social development. We are pleased that in his reform proposals Secretary-General Kofi Annan argued that the promotion of sustainable development should be the central priority of United Nations activities. While the reform plan proposed by the Secretary-General requires more thorough consideration, Thailand can support his proposal of designating the United Nations Development Group — comprising the United Nations Development Programme, the United Nations Children’s Fund and the United Nations Population Fund — to supersede the sectoral group of development operations. We hope that the United Nations Development Group will facilitate consolidation and cooperation among United Nations agencies without compromising their identities, so that they can respond more effectively to the needs of developing countries. Thailand also welcomes the creation of a development dividend by shifting resources from administration to development activities. According to the reform plan, the administrative costs will be reduced by one third, the workforce will be reduced by 1,000 posts and the paperwork will be cut by 30 per cent. However, downsizing should not be an end in itself. The central element of the reform should concentrate on how to manage funds and implement programmes so as to achieve equitable development, which is our common goal. Another important point in the Secretary-General’s reform plan is the proposal to mobilize more resources for United Nations operational activities. Thailand sees the United Nations as the main forum for the creation of an equal and workable partnership between developed and developing countries — a partnership that should be responsive to the needs and aspirations of the developing world. The steady decline in voluntary contributions to core resources has inhibited the capacity of United Nations funds and programmes to play the roles assigned to them. In this regard, we support the Secretary-General’s proposal on innovative means of mobilizing new financial resources for development. The private sector is potentially an important source of financial support, as demonstrated by the proposed donation of $l billion by Mr. Ted Turner. However, the funds from the private sector should be additional to, and must not replace, official development assistance. The restructuring of the Security Council is also a vital part of United Nations reform. Despite the end of the cold war, the anachronistic yet so powerful veto power still exists in this supposedly more democratized institution. It is heartening, however, to note that the issue has been extensively debated. Thailand and its ASEAN partners, as well as the Non-Aligned Movement, believe that this veto power should be curtailed with a view to its eventual elimination. The Security Council itself should be expanded, taking into account the increase in United Nations membership to enhance its democratic and representative nature, while at the same time paying due regard to its efficiency and effectiveness. But without the firm commitment of Member States, all these reform efforts would come to nothing. Member States have the obligation under the Charter to bear the expenses of the Organization by paying their assessed contributions in full on time and without conditions. Thailand has always taken its financial obligation seriously and has made every effort to fulfil it. For 1997 Thailand is among the 28 countries which paid their contributions to the regular budget in full and on time. Thailand believes that one of the main tasks of the United Nations is to set standards in international law, and in recent years there has been an encouraging trend towards efforts to advance the cause of international law through the creation of legal norms and instruments. What these norms and instruments symbolize is the desire of peoples to live in a more orderly world. Thailand will continue to support and participate actively in efforts to establish an international criminal court, as well as in the elaboration of new legal instruments to combat terrorism. In December of this year, Thailand hopes to be one of the signatories of the Ottawa treaty banning all anti-personnel landmines. We believe that there is no greater crime than maiming or killing innocent civilians. It is high time that we put an end to this. At the same time, greater efforts and resources should be devoted to removing and destroying these landmines. As a signatory of the South-East Asia Nuclear- Weapon-Free Zone Treaty, which was concluded in Bangkok during the ASEAN summit in 1995, Thailand would also like to take this opportunity to congratulate the Governments of Central Asia for their initiative to establish a Central Asia nuclear-weapon-free zone. Their commendable effort adds to the strong evidence that the peoples of the world are no longer tolerant of nuclear weapons. At present, more than 100 United Nations Member States are signatories of nuclear-weapon-free zone treaties in their respective regions, treaties which now cover the greater part of the world, including Latin America and the Caribbean, the South Pacific, Africa, South-East Asia and, soon, Central Asia. What we are witnessing here is a new partnership, a partnership among 14 the peoples of the world who dread nuclear arsenals and wish to eliminate these hazardous weapons of mass destruction from the face of the earth. The international environment in which we live is evolving rapidly. During the past year, there have been many encouraging developments. But we also find ourselves confronted with new and increasingly complex challenges. In order to overcome these challenges, the United Nations as an Organization needs vision and inventiveness. But, more importantly, its Members need to speak with one voice on issues which confront mankind. If we are to succeed in doing this, a global partnership needs to be forged, be it in the area of politics, economic and social development, environmental protection or humanitarian assistance. Sooner rather than later, we should all realize that, in this globalized world, our destinies are linked together much more closely than we like to believe. The time to forge this partnership is now. The place to begin the process is here, at the United Nations.