Next, developed countries and developing nations should make full use of various platforms and channels such as the dialogue between G8 and the countries concerned, step up talks and build up a global partnership in development based on equality, mutual benefit, cooperation and all-win results. They should do these in accordance with the principle of being proactive and pragmatic and seeking common ground without necessarily abandoning their differences. Developed countries should treat developing nations equally and give them more power to participate and make decisions. Only by doing so can they ensure their partnership suits the new situation.
To be more specific, again as President Hu spelled out in his speech at the dialogue meeting, developed countries and developing nations should join efforts, starting with constructing a world economic system of sustainable development, an inclusive and orderly international financial system, a just and reasonable international trade system, and a fair and effective global development system.
This does not require the complete abandonment of the existing international systems but rather seeks to gradually remold them into new shapes on the basis of the existing systems and through reform, reorientation and transformation.
It is by no means an attempt to prevent G8 from playing its role but rather a plea to the major powers to be more receptive to developing nations' voices and views and give them a greater say on global affairs.
It is by no means an attempt to overthrow the existing international financial institutions but rather aimed at pushing the World Bank to offer more assistance to developing nations in their bid to adapt better to globalization and support the International Monetary Fund in stepping up monitoring and early warning of risks posed by short-term capital flow and financial innovation.
It is by no means against the multilateral trade system but rather trade protectionism and is in support of an early breakthrough in the Doha round of the World Trade Organization (WTO) negotiations.
Nor is it an attempt to weaken the United Nations' authority. Rather, it is in support of the UN's role as a more effective coordinator in various areas.
