Instead, I have asked the Secretariat to distribute the complete version of my presentation to all of you during the course of this meeting. For now, I will try to focus only on some of the major points, which I think would contribute into shaping a direction for the new world order and strengthening the cooperation among the countries of the Group 77. However, in practice, this free trade has been acting mainly in favor of those who seek abundant resources, markets and profits. Protection of one's labor force against healthy competition is the basic driving force and the cause for creation of such barriers. For example, commodity prices stand artificially lower through substantial subsidies in the developed countries.
Free competition is still a somewhat one way street.
At the same time, these achievements mask many continuing failings and seem to expose more future dangers. We all witnessed and continue to face painful inequality and unfairness exist in modem free political and economic systems where the rich and the strong impose on the other their agenda and rule of the game. Innumerable people are living in absolute poverty as compared to the few who have excesses. The gaps or economic-divide between the rich and poor nations have not been reduced, but become even larger. R elying too much on free market mechanism to reap short-term benefits has wrecked havoc to Southeast Asia and East Asia during the last two years.