UN General Assembly
1998

and liberalization meets our development needs. We need to formulate a positive and workable agenda for ensuring that globalization promotes equity and benefit for all. An integral component of the globalization process is unfettered movement of the factors of production, including capital and labour. We need to encourage migration of labour in order to ensure balance in globalization. Official development assistance in real terms has declined by more than 15 per cent from 1992 to 1996. This decline must be halted and reversed. For the poorest and more vulnerable economies, official development assistance remains indispensable. We call on all developed countries to reach the agreed target of 0.7 per cent for the developing countries and 0.15 to 0.2 per cent for the least developed countries as soon as possible, preferably by 2000. The least developed countries represent the most vulnerable economies and peoples of the world. The ministerial communiquÃ© issued after the 1998 substantive session of the Economic and Social Council underscored certain timely issues. In particular, I would mention the call for working together for enhanced market access for