Only a truly representative and effective Security Council will be able to overcome its current impotence, sometimes veiled in high-sounding but empty phrases. If no remedy is found now, after the Millennium Summit, the UN risks loss of credibility, and it will greatly reduce its influence on many processes which are now shaping the world. Globalization does not stop at 42nd Street. It is rushing around the world with the force of a typhoon, picking up speed as it is fed ever new discoveries in information and communication technology. But globalization is much more comprehensive phenomenon than the mere standardization of traffic regulations, TV systems or bananas.
Globalization entails development and human security as well as poverty and human fear.
United Nations can help with this issue. If it fails, it will be guilty of loosing this crucial opportunity of making UN again into a respected organization, able to tackle the most important global problems. We have to find the political will and the means to do so. Mr. President, I would like to dwell on the topic of peacekeeping a little. What I have said about huge optimism and subsequent disenchantment is just as applicable to this area.