UN General Assembly
1994

liberalization of the conditions governing trade, investments, and banking and finance, and through the privatization of Government enterprises. We have provided infrastructure facilities and generous incentives for domestic and foreign investors. These, together with the restoration of political stability, have placed us back on the road to economic recovery and self-sustaining growth. Simultaneously, we have adopted a social agenda through a broad national consensus. In accordance with that agenda we have endeavoured to improve the quality of life of our people, not only because such an improvement is their inherent right, and not only because the ultimate purpose of development, in our view, is the welfare of the individual and his community, but also because we know that the best way to spur economic development is to afford the people a stake in it and because we recognize that the people are an economy’s most vital resource. We are thus jealously safeguarding the individual Filipino’s fundamental rights and freedoms. Part of this effort is the importance that we place on human-rights education for all, including the armed forces and the