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Oleh/By		:	DATO' SERI DR. 
			MAHATHIR BIN MOHAMAD 
Tempat/Venue 	: 	TOKYO, JAPAN 
Tarikh/Date 	: 	19/10/98 
Tajuk/Title  	: 	THE TOKYO INTERNATIONAL CONFERENCE 
			ON AFRICAN DEVELOPMENT (TICAD II) 



        It  is  an honour and privilege for me to be  invited
  to  address  this  distinguished audience  of  leaders  of
  Africa,   Asia  and  Japan  at  this  Tokyo  International
  Conference on African Development (TICAD II).
  
  2.    We are fast approaching a new millennium, a new  era
  which  promises  to  be very different from  the  previous
  two.   The new millennium will surely see not only changes
  but  a  rapidity  of  change  that  will  truly  leave  us
  breathless.   The changes may be the result of  technology
  but  they  will  also  be the result of  new  sociological
  ideas and philosophies, new creeds and new values.
  
  3.    Change requires adjustments on the part of everyone.
  Some  will adjust well and will benefit from change.  Some
  will   not  be  able  to  adjust  so  well  or  may   fail
  altogether.   And when they fail completely  or  partially
  they  will  have  to pay a price in terms  of  being  left
  behind and misfortunes.
  
  4.    We  are  now being given a preview of  some  of  the
  things to come.
  
  5.     The   nineteenth  century  saw  progress   in   the
  conversion  of  the  agrarian economy  to  the  industrial
  economy.   The  feudal  lords  seized  on  the  industrial
  opportunities   to  exploit  their  former   serfs.    The
  conditions   of   labour  in  Europe  were   inhuman   and
  demeaning.  The sole concern of the industrialists was  to
  maximise their profits.
  
  6.    By  the  beginning of the 20th century  things  were
  coming  to  a  boil.  Workers' resentment  grew.   Despite
  repressive actions by the democratic Governments,  workers
  formed  unions and took industrial action to demand better
  pay and working conditions.
 
  7.    In  the meantime some sociologists began to  rethink
  the social and economic order which prevailed then.  In  a
  violent  rejection of the capitalist system they  promoted
  their   socialistic   and  communistic   theories.    They
  insisted  that  exploitation  of  the  workers   must   be
  stopped,  if  necessary through violent  revolution.   The
  Russian  revolution  of  1917  was  the  epitome  of   the
  communist  creed of expropriation and the  liquidation  of
  the capitalists.
  
  8.    Communism appeared set to spread worldwide.  Fearful
  of  the fate that had befallen their Eastern counterparts,
  the Western capitalist reined in their greed.
  
  9.    A  friendlier face of capitalism was presented,  one
  which  accommodates  some of the demands  of  the  working
  class.   Workers  were allowed to form  political  parties
  and  to  contest elections.  Socialist Governments emerged
  as alternatives to Communism.
  
  10.   World War II ended with the world divided  into  two
  blocs,   capitalist  and    socialist  on  one  side   and
  Communists  on  the  other.  The breakup  of  the  Western
  empires  resulted  in  the  emergence  of  numerous   ill-
  prepared independent countries in Asia and Africa.
  
  11.   The struggle to win the minds and the support of the
  newly   independent  non-aligned  countries  was  set   in
  motion.   For  a  time  the  newly  independent  countries
  enjoyed being wooed by both sides.  But unfortunately  the
  leftist  communists bloc collapsed.  The need to frustrate
  the  communists by pandering to the wishes of the  neutral
  independent  countries disappeared.  Now  these  countries
  have  no  choice but to submit to the Western  capitalist.
  Now  they  all must accept the only ideology -- capitalism
  in its worst form.
  
  12.   The  new capitalist insist upon the right of capital
  to  go anywhere and to shape all Governments in their  own
  image.  Nobody should do anything to obstruct the flow  of
  capital across borders.  Those who oppose such free  flows
  must be deemed heretics.
  
  13.   Admittedly,  a free flow of capital  can  result  in
  poor  countries  becoming enriched.  Many  poor  countries
  therefore  welcome foreign capital in the form  of  direct
  foreign   investments.   And  indeed  the  poor  countries
  seemed  to  prosper  with the ever  increasing  inflow  of
  foreign capital.
  
  14.   What  the  developing countries did not  realise  is
  that  capital can also flow out freely and rapidly.   When
  this  happens the wealth can disappear overnight.  As  the
  end  of  the 20th century approaches the friendly face  of
  capitalism  has disappeared.  Devaluation of the  currency
  and   share  prices  as  capital  is  rapidly  pulled  out
  resulted  in  the  destruction almost  completely  of  the
  wealth  of  many  developing countries.   Along  with  the
  collapsing  economy have gone the political stability  and
  social well-being of the people of these countries.
  
  15.   And so as a result of the assaults on the currencies
  and  the  stock markets of the previously rich nations  of
  East  Asia,  we now see widespread poverty and depression.
  Where  before  there was wealth and plenty,  where  before
  there  was  political and social stability, we  see  today
  extreme   deprivation,   turmoil  and   utter   confusion.
  Governments  which  before  had  engineered  miracles   of
  economic   development  are  now  being   overthrown   and
  replaced with Governments which can do no better.
  
  16.    Still   capitalism,  the  free  flow  of   capital,
  deregulation and globalisation are trumpeted  as  the  new
  religion,  the  new ideology, the only  ideology  for  the
  whole   world.   Question it and you will  be  labelled  a
  heretic.   If democracy stands in the way it too  must  be
  brushed  aside.   And  so  duly elected  Governments  must
  allow  themselves  to  be disciplined  by  market  forces,
  meaning  the  rich with their billions invested  in  funds
  which  indulge  in  currency trading and  raids  on  stock
  markets.
  
  17.   This  is the world of the new millennium. Developing
  countries must take note of this.  If we are not  careful,
  if  we  do  not  take the job of developing our  countries
  seriously, we may revert to being colonies again.
  
  18.  East Asia is well known for the economic miracles  we
  were  supposed to have achieved.  Actually they  were  not
  miracles.   They  were just the result of  hard  work  and
  discipline,  something  which  everyone  can  acquire  and
  practise,  whether they are Asian or European or  African.
  The  most  difficult part is the acquisition and  practice
  of  these  traits, which incidentally have been  described
  as  part  of  Asian  values.  Actually the  Europeans  had
  these values too when they were on their way up.  So  they
  are  really  universal traits which can be  cultivated  by
  anyone.
  
  19.   I  think  that Asians should share their  experience
  with  others so that all can enjoy growth and development.
  Our  experience is quite recent and it is still  fresh  in
  our  minds.  We should be able to pass it on with  greater
  ease.
  
  20.  The post-independence turmoil lasted a bit longer  in
  Africa  than  in Asia.  Socialist ideologists clouded  the
  views   of   those   who   gained  power   after   African
  independence.  Now that period is over.  All  over  Africa
  there  is  a  keen desire to give the people the  kind  of
  life  they  deserve as independent people.  The desire  is
  there but the skills and the means are not.
  
  21.   That  is  why it is timely that the Asian  countries
  like  Japan  and  to a lesser extent Malaysia  and  others
  should  stretch out a helping hand.  It will not cost  the
  Asians much and they will eventually be amply repaid.
  
  22.   When  the Japanese came to Malaysia to  invest  they
  not  only profited from it but they also help Malaysia  to
  prosper.   As a bonus a prosperous Malaysia has  become  a
  good  market  for Japanese goods.  The benefit  for  those
  extending   a  helping  hand  to  develop  countries   are
  therefore two-fold.  The benefits are also mutual.  It  is
  truly a win-win venture.
  
  23.   In  the  early  days  after  independence  when  the
  objective  of the donors was political affiliation  rather
  than  economic  well-being, much of the help  was  in  the
  form  of  grants  and loans for projects  which  were  not
  quite  needed by the countries concerned.  The  result  is
  that  today  these countries are grossly in debt  so  that
  all  their  income have to go towards paying debts.   East
  Asia  concentrated  less on aid but  more  on  skills  and
  technologies.   The  East Asian approach  is  therefore  a
  better model.
  
  24.   If the countries of Africa are going to develop  the
  way  East  Asian  countries  develop,  then  the  strategy
  should  be  the same.  True, the countries  of  East  Asia
  seem  to have failed recently but it is not really due  to
  the  true  Asian  way.  The failure is  due  to  something
  unforeseen.   Currency  trading and  raids  on  the  stock
  market are not the fault of Asians or their ways or  value
  system.    Any   country  subjected  to  such  destructive
  attacks  will  fail.   Thus the Latin  American  countries
  have  failed  and  so has Russia.  And recently  even  the
  rich  Western countries have exhibited their vulnerability
  to such attacks.
  
  25.   So  adopting the Asian approach and  the  Asian  way
  towards  development is still a good  strategy.   Besides,
  there  is  much  to learn from the Asian weaknesses  also.
  Although  they  are not peculiarly Asian, as  for  example
  corruption,  there  is  much to be  gained  from  avoiding
  these weaknesses.
  
  26.   While  European-style capitalism should be  avoided,
  it  must  be  remembered  that Europeans  have  a  lot  to
  contribute  also.  Besides, the Europeans  themselves  are
  not  averse to working with and for Africans.  France  for
  example  has expressed a willingness to work closely  with
  Japan  and  Malaysia in assisting Africa to develop.   The
  three  have in fact initiated a trilateral cooperation  to
  assist Africa.
  
  27.    The   trilateral  initiative  premised  on  African
  countries taking ownership of their development  and  with
  the   overarching  objective  of  building  a  partnership
  rather  than  a donor recipient relationship with  African
  countries  is  a unique approach through which  the  three
  countries hope to contribute, in a modest way, to  promote
  the social and economic development of African countries.
  
  28.   I am sure that Japan and France would sincerely want
  to  help  Africa develop and prosper.  As  much  as  Japan
  profited  from  Malaysia's prosperity,  Japan  and  France
  will  profit  even  more  from  African  development   and
  prosperity.  Africa is naturally rich.  Its resources  are
  huge.   In  fact it is these resources that had  attracted
  the Europeans in the past.
  
  29.   Certain  parts of Africa have become more  peaceful.
  The  Governments  are  interested in  the  development  of
  their  countries and the well-being of their people.   But
  they  are handicapped due to the poverty of their  nations
  and the lack of experience and expertise.
  
  30.   Japan and France and even Malaysia are in a position
  to  help  the Africans overcome their shortcomings.   They
  can  help  set  up job-creating industries.  Africans  are
  very  skillful.   With  a  little  orientation  the  basic
  skills  can  be  turned to industrial skills.   Industries
  should  do  well in Africa as they have done well  in  the
  countries of Asia, including Southeast Asia.
  
  31.   The countries of Africa have lost almost half  of  a
  century.    Malaysia had tried in a small  way  to  be  of
  help.   But  we  are  a  developing  country  with  meagre
  resources.  With Japan and France pitching in  I  am  sure
  we can make up for the loss of time.
  
  32.   Japan's relatively new-found interest in  the  well-
  being  of  Africa is most welcome.  Africans,  Asians  and
  even  Europeans  will benefit from the  stabilisation  and
  prosperity  of  Africa brought about  by  the  cooperative
  efforts  of  three continents.  I hope this conference  on
  African  development  (TICAD II)  will  help  everyone  to
  focus  on Africa.  There is everything to gain and nothing
  to  lose  by  prospering Africa, a close  neighbour  in  a
  shrinking world.

 
 



 
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