UN General Assembly
1994

those rays of hope into great beacons for the maintenance of peace, security, democracy and, hence, sustainable development. My country and people regard the development of the new international economic order with stoicism as the world becomes divided into blocs based on economic and strategic interests. The nation-State is suffering a crisis of identity and threats to its sovereignty. We are witnessing new geopolitical formations in which power is being transnationalized and the struggle for hegemony is passing into another dimension. The new structure of the world economy is marked by the supranational nature of decision- making in the field of finance and international trade. If this emerging new international economic order is not managed prudently, if we do not infuse it with humanism and morality, we run the risk that in the short term the already-existing rift in the world between poor nations and rich nations - what we used to call the North and the South - will widen further. The following words of a Honduran poet speak eloquently to this: "The poor are so