UN General Assembly
1998

as to reject “Asian values”. I would humbly suggest that such views are groundless. Indeed, the current crisis in East Asia is neither the first nor the last in the history of the market economy. Although some errors were made, the East Asia and South-East Asia development model has already provided quite a few valuable experiences and useful lessons. Are not the virtues of studiousness, industriousness, thrift, intelligence, creativity and caring for one another eternal and universal values? Moreover, there remain substantial economic foundations, unique cultures and the achievements of the people of the region realized thanks to their hard work and creativity — not to mention other positive factors, such as the region?s abundant natural resources, large internal market and major role in world politics and economics. The existence and growth of the Association of South-East Asian Nations (ASEAN) has been another positive factor in the development of South-East Asia. Despite difficulties and challenges, ASEAN continues to 29 become more unified, promote cooperation and play an active role in Asia and the Pacific and the world, not only