• Short Summary

    In one of his most important speeches since taking over from his predecessor Andrew Young, American U.

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    GV AND SV Delegates seated at United Nations (2 shots)

    SV Cuban delegate Ernesto Lopez Paz speaks in Spanish

    GV Delegates seated

    CU AND SV U.S. Delegate (permanent representative) Donald McHenry speaking in English with delegates seated listening (3 shots)

    McHENRY: "To affect the direction of the international economy, all of us must work together. There was a time when the size of the United States economy was so overpowering that a decision by my government alone could move the global economy in a new direction. That may have been true in 1950, when the United States accounted for 67 percent of the world's industrial production, but that era is over. Not because the United States has become poorer, but because the rest of the world has become richer. We sought this new relationship, we facilitated it and we welcome it. It is no longer possible for one countries, to decide the direction of our international economy. It is now for all of us, the industrialised countries, the oil-producing countries, the developing countries, the socialist countries, and whatever other sub-groups may exist to act as 'united nations' in reordering the international economy and eliminating the worst aspects of global poverty before the end of this century. Whether we like it or not, the global economy is undergoing constant and accelerating change. A new order is arising before our eyes, and our task is to see that this order serves our common interest."

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    Script is copyright Reuters Limited. All rights reserved

    Background: In one of his most important speeches since taking over from his predecessor Andrew Young, American U.N. representative Donald McHenry has urged a solution before the end of the century to the economic discrepancy between rich and poor nations. Speaking on Monday (October 22). Mr. McHenry's theme was also echoed by the Cuban Ambassador, Mr. Ernesto Lopez Paz.

    SYNOPSIS: The U.N. General Assembly was debating a special sub-committee report on the dialogue between developed and developing nations. Cuban delegate Ernesto Lopez Paz tressed the need for such talks.

    Speaking in Spanish, Mr. Lopez Paz said it was vital that the developed nations find some way in which to share their wealth with less affluent nations. It was time, he said, that the richer countries responded to the "legitimate demands" of the developing peoples and nations for an end both to exploitation of their natural resources and to prevention of their progress towards genuine economic independence
    It was only in this way, said Mr. Lopez Pas, that the world could -with difficulty - avoid a social and economic situation with unforeseen consequences for mankind. He therefore urged the U.N. delegates to schedule talks as soon as possible with a view to establishing a structure for the sharing of world resources.

    later in the debate, american delegates Donald McHenry agreed on the need for co-operation.

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