UN General Assembly
2004

peace and stability on the Peninsula. Development is the foundation for human progress. Lasting peace and stability throughout the world depends on coordinated, balanced and universal development. Development is of overriding importance. Living in peace, abundance and harmony between nations has been the dream of many generations. Coordinated, balanced and sustainable development serves the fundamental interests of all peoples and works for their well-being. In order to promote economic growth worldwide, it is necessary for the international community to take effective measures to put in place an open and fair multilateral trading regime and gradually improve it. It is also important to reform and improve the international financial system. The developed countries must honour their commitments to debt reduction, technology transfer and market access through concrete actions in order to enable developing countries to really benefit from globalization. The developing countries, for their part, need to work together to attain development and take part in a wide range of international efforts. They should also deepen South-South cooperation. We, the members of the international community,