The World Economic Development Declaration Conference (WEDDC)
issued the Zhuhai Declaration here Thursday on the first day of the
conference.
The declaration, also called the World Economic Development
Declaration, contains nine main parts dealing with interdependence,
scientific and technological progress, efficient use of resources,
sustainable development, distribution, competition, financing of
economic development, economic development and education, human
factors in the economic development.
The declaration aims to promote the establishment of a new world
economic era featuring equality, mutual benefit, interdependence
and common development, and achieve the Millennium Development
Goals as determined by the UN Millennium Summit.
Participants of the conference agreed that peace and development
are the common aspirations of people of all countries and are the
main themes of today's world. Peace is the basis for development
and development promotes peace. It is everyone's common duty to
promote world economic development and safeguard the world peace
with "equality, credibility, cooperation and development" as the
basic criteria.
According to the declaration, under market economy conditions,
countries and economies of the world trade in goods and services
with and invest in each other. Science and technology play an
important role in economic development. All kinds of the finite
natural resources should be used according to the laws of science
in an efficient way and global economic resources should be
distributed in an optimum manner.
Sustainable development was also stressed in the declaration.
Man should coexist with nature in harmony so that people, resources
and ambiance interact with each other in a perfect circle, thus
offering a favorable environment for a steady economic growth and
ensuring the sustainable economic development of the world.
The declaration pointed out that increasing incomes and wealth
should be fairly distributed among all countries and within each
country. Competition is conducive to production, economic growth
and efficient use of limited resources.
A more fair and reasonable financial system for supporting world
economic development must be set up to facilitate the flows of
funds, and to increase the transparency of the flows of funds among
the nations and markets. Education and skill development should be
promoted for all peoples of the world.
(Xinhua News Agency November 6, 2003)
The following is the full text of the Zhuhai
Declaration.
Zhuhai Declaration
(The?World Economic Development Declaration)
?
Peace and development are the common aspiration of people of all
countries and are the main themes of today's world. Peace is the
basis for development and development promotes peace. It is our
common duty to promote world economic development and safeguard
world peace with “equality, credibility, cooperation and
development” as the basic criteria.
In order to promote the establishment of a new world economic era
featuring equality, interdependence, mutual benefit and common
development, and achieve the Millennium Development Goals as
determined by the UN Millennium Summit, we, Nobel Prize laureates,
economists, representatives of international organizations, leaders
of enterprises from developing countries and developed countries
and people of all walks of life, who have shown their concern and
support for peace and development, jointly issue the World Economic
Development Declaration (the Zhuhai Declaration):
1. Interdependence
Under market economy conditions, countries and
economies of the world trade in goods and services with and invest
in each other. Closed countries and economies cannot effectively
participate in the world economy, thus compromising their economic
growth. Therefore, all countries and economies must be open,
interdependent, and develop together, according to the principles
laid down by the United Nations and the World Trade
Organization.
2. Scientific and Technological
Progress
Science and technology play an important role in
economic development. Science and technology should be conducive to
the establishment of a highly efficient and rational economic
system. Progress in science and technology should promoted and the
achievements in this field be applied wisely and the advanced
technical transfers from economically developed countries to
developing countries should be promoted so as to accelerate the
economic growth of all countries and enhance the livelihood of the
people.
3. Efficient Use of Resources
All kinds of the finite natural resources,
including air, water, manpower, energy and raw materials, etc.,
should be used according to the laws of science in an efficient way
and global economic resources should be distributed in an optimum
manner.
4. Sustainable Development
Man should coexist with nature in harmony so that
population, resources and ambiance interact with each other in a
virtuous circle, thus offering a favorable environment for a steady
economic growth and ensuring the sustainable economic development
of the world.
5. Distribution
Increasing incomes and wealth should be fairly
distributed among all countries and within each country.
Elimination of poverty is the key step to reach a fair distribution
of income. The developing countries should carry out economic
reform and enhance their national capability of creating wealth and
the developed countries should help the developing countries in
their economic construction with their practical measures of
assistance and reduction or exemption of debts, so as to facilitate
the elimination of poverty, the improvement of the relations
between the South and the North, thus serving the well-being of all
people in the world, irrespective of their sex, race, culture and
religion.
6. Competition
Competition is conductive to production, economic
growth and efficient use of limited resources. Credibility and
legal system are the basis and safeguard of competition. Nations
and producers in the world should be encouraged to compete with
each other in a fair and proper manner. In order to promote the
development of the world economy, monopolies should be opposed as
they could impede trade and equal opportunities.
7. Financing of Economic
Development
A more fair and reasonable financial system for
supporting world economic development must be set up to facilitate
the flows of funds, and to increase the transparency of the flows
of funds among the nations and markets, thus keeping a stable
economic environment and allowing the achievements of investment
and international trade to benefit all nations.?
8. Economic Development and
Education
Education and skill development should be promoted
for all people of the world, no matter which country or region they
come from and regardless of their race, sex and income level, to
improve the population quality. Human resources should be
vigorously developed to facilitate economic development.
9. Human Aspects in the Economic Development
Man and the harmony between man and nature are
important conditions for economic development. All the economic
activities should serve the well-being and the elimination of
poverty of all people. Human beings are both producers and
consumers. Producers should be encouraged to provide consumers
worldwide with quality products and top-notch services to
accomplish the long-term well-being of all people. This is an
eternal principle that all our actions shall follow.?
We are ready to work together with governments, enterprises and
social strata, who are committed to world peace, human common
progress and development, to build a glorious 21st century.