UN General Assembly
2003

substitute for decisive action. Frantic activity is not a substitute for concerted action, and the adoption of resolutions does not make a tangible difference in the day-to-day lives of our peoples. Above all, let us recall that inaction in itself is a deliberate and a considered decision to do nothing. We should not rival the League of Nations' impotence on Abyssinia. The problems we are encountering at the present time compel us courageously and resolutely to address and overcome the fundamental inadequacies that afflict our international institutions and processes. This year has seen the propitious coming together of three events which have framed thus far the political, financial and economic ordering of our world. I refer to this session of the General Assembly, the gathering of the Finance Ministers at the Bretton Woods institutions, and the discussions at Cancun on the reordering of the world trade regime. At all three meetings, the call for structural reform was insistent and compelling. All three the United Nations, the Bretton Woods Twins and the General Agreement on Tariffs and Trade