UN General Assembly
2012

mechanisms. The Permanent Court of Arbitration in The Hague has an increasingly important role to play. Protecting intellectual property rights effectively fosters innovation. We should therefore strengthen the World Intellectual Property Organization. Finally, the Millennium Development Goals need a new agenda, with bold ideas to end poverty and plans to promote sustainable development and foster economic growth. The private sector is crucial to achieving those goals, especially when it comes to unlocking the potential of small and medium-sized enterprises. To quote renowned economist Paul Collier, “We cannot make poverty history unless the countries of the bottom billion start to grow”. The United Nations is indispensable for the agenda of peace, freedom and prosperity. The widening gap between the increasing expectations we have of the United Nations, on the one hand, and of its capacity to deliver, on the other, is a cause of serious concern. Therefore, we need a more effective, efficient and coherent United Nations. The Security Council must act decisively when serious crimes are involved and international peace and security are at stake. All United Nations organizations