Having recognized the need for interdependence and multilateralism, the Group agreed that developing countries have to actively prepare for and participate in meetings, gatherings and global negotiations that will shape globalization. The Group stressed the need for an alternative and more inclusive economic paradigm to guide international economic relations as well as national development strategies. The Group therefore was moved by the need for revitalizing the spirit and central role of multilateral cooperation in all fields. Globalization without real interdependence is unmanageable and may result in confrontation, suffering and social chaos. The Group was of the view that the central concept of interdependence should be restored to the phenomenon of globalization.
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Since many aspects of the present type of globalization have produced negative effects, especially on developing countries, then the globalization process can and should be re-shaped to make it more inclusive, more equitable and beneficial to people in the developing world. It can be changed through the selection of different policies, and these policies should be based on the shared positive values of humanity, especially justice, equity and the well-being of all people. Thus, the globalization process itself can and should be given a proper direction. Instead, the type of globalization process taking place is to a large extent the result of policy choices, and thus determined by human decisions, values and culture. Whilst economic policies and relations are greatly influenced by technological developments, the Group believes that ‘globalization’ should not be seen as an inevitable force beyond the control of human beings or of countries. People across the world are also feeling more and more insecure as they perceive an increasing inability to exercise control over their lives. The current global economic crisis is a reflection of this instability the lack of global policy coordination. Moreover the global economy has become more unstable, due to the volatility of financial flows and currency exchange rates and their effects on the real economy.
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The present processes of globalization have led to widening inequities between North and South as well as within countries, and the developing countries and the poor people within countries are becoming ever more marginalized. Having addressed the multifaceted issues of globalization, the Group agreed on the following conclusions and recommendations: Ambassador Bagher Asadi, Chairman of the Group of 77 in New York. The High-level Advisory Group of Eminent Personalities and Intellectuals, convened pursuant to the decision of the South Summit (Havana, Cuba, 10-14 April 2000), to prepare a report on globalization and its impacts on developing countries, met in Geneva from 12 to 14 September 2001 under the Chairmanship of H.E. Report of the Meeting of the High-Level Advisory Group of Eminent Personalities and Intellectuals on Globalization and Its Impact on Developing Countries
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Globalization and Its Impact on Developing Countries