Oleh 		: 	DATO SERI DR MAHATHIR BIN MOHAMAD 
Tempat		: 	RCS, KUALA LUMPUR 
Tarikh		: 	13-10-2000
Tajuk		: 	THE OPENING CEREMONY OF THE 
			INTERNATIONAL MEETING OF THE 
			ROYAL COMMONWEALTH SOCIETY (RCS) 
Penyampai	: 	PM	



       On   behalf   of  the  Government  and  people   of
  Malaysia,  I  have  great pleasure in extending  a  very
  warm  welcome  to  all  delegates to  the  International
  Meeting of the Royal Commonwealth Society here in  Kuala
  Lumpur.   I hope that you will have a pleasant stay  and
  a fruitful meeting here.
  
  2.    I am indeed honoured to be invited to address this
  gathering and particularly so, as I understand, this  is
  the  first  time that the Royal Commonwealth Society  is
  holding its meeting in Asia.
  
  3.    The Commonwealth is a unique group of nations, for
   despite its cultural diversity, it is bound by a set  of
  common   perceptions  about  the  principles   of   good
  governance,   human  rights,  the  rule   of   law   and
  sustainable  development.  From a handful  of  countries
  at  its  inception, it has now grown  into  a  voluntary
  association  of  54  independent countries  representing
  one-third  of  the world's population.  The Commonwealth
  should continue to remain united in purpose in order  to
  face up to the many challenges in the new millennium.
  
  4.    The  Commonwealth is now no longer a  grouping  of
  the  ex-colonies of the British Empire.  It  is  more  a
  grouping of like-minded countries.  While this is  good,
  we  must  make  sure that there are not so many  members
  that  we  get  dragged  down by our  weight  and  become
  unable,  not  only to decide on a consensual  basis  but
  even to meet at the highest level.
  
  5.    Over  the  last  ten years, the  Commonwealth  has
  become  a  more effective force for promoting democracy,
   respect  for human rights and good governance.   It  has
  taken  more  practical  initiatives  for  assisting  the
  socio-economic   development  of  its   member   states,
  particularly the developing countries.
  
  6.    To  progress  the Commonwealth  must  continue  to
  review its role and adapt to a fast changing world.   It
  must ensure that its members are adequately equipped  to
  handle  the challenges brought to its doorstep  as,  for
  example   by  globalisation.  While  globalisation   has
  opened  opportunities  for the creation  of  wealth  and
  economic  growth, it has also brought with it new  risks
  and  threats.  Globalisation can bring benefits  if  its
  practices  are governed by rules and regulations,  which
  can  ensure that the poor and developing countries  will
  also   share  in  the  benefits.   Without   rules   and
  internationally  accepted laws, anarchy  would  prevail.
  Only the unprincipled will benefit from anarchy.
  
  7.    We  are entering the age of information technology
   where  globalisation and a borderless  world  cannot  be
  avoided.   Whether  we like it or not, globalisation  is
  here  to  stay and can only increase in its impact.   It
  is  true  that the advent of communications technologies
  has  shrunk the distance between nations, providing  new
  opportunities   for  the  transfer  of   knowledge   and
  technology.   But the main question is how  many  of  us
  have  the  capacity  to  apply these  new  technologies?
  Whilst  modern technology helps draw us closer together,
  for  the have-nots, it can widen further the disparities
  between  the rich and the poor.  Already there  is  much
  talk  of  the digital divide, and this will amplify  the
  inequities between us.
  
  8.    Thus,  the  greatest challenge  facing  us  is  to
  ensure  that globalisation does not benefit only  a  few
  while  marginalising or impoverishing a large number  of
  developing  countries.   Many developing  countries  are
  constrained   by  the  lack  of  capital,  institutional
   capacities  and  physical  infrastructure.    They   are
  therefore   unable  to  seize  fully  the  opportunities
  opened  by  globalisation. The developed countries  have
  been more successful in integrating themselves into  the
  global  economy  and  reaping  the  benefits.   In  this
  respect,  the more developed members of the Commonwealth
  should  assist  developing  member  countries  to  build
  their capacity to deal with the new global environment.
  
  9.    Malaysia  believes  that in  the  new  millennium,
  relations  among  states  should  be  based  on  a   new
  paradigm  predicated not only by equal  sovereignty  but
  also  by  the  respect for the dignity and mutuality  of
  interests and benefits of everyone.  It is only on  such
  a  basis  that  we  would  be  able  to  reap  the  full
  potential of globalisation.
  
  10.   The onslaught on Malaysia's currency is a case  in
  point.  There is not the slightest care on the part of the
  currency traders and manipulators and their backers for the
   social cost, poverty and the misery that they cause to the
  victims of their speculative attacks.   They are interested
  only in their own financial gains.  In a matter of weeks,
  years  of hard work and toil to develop the country  was
  destroyed.
  
  11.   The idea that the market will regulate itself  and
  discipline Governments is ridiculous.  The market is only
  interested in profits for the players, usually the  very
  rich investors in rich countries who put up the billions
  needed to manipulate the market.  While they insist that
  Governments must be transparent and that nothing should be
  placed  in  the  way of their access  to  markets,  they
  themselves are secretive and little is known about their
  funds, their investors and their activities.  They  flit
  across the world at literally the speed of light amassing
  huge  fortunes,  leaving behind  a  trail  of  destroyed
  economies  and  misery  for  the  people  of  developing
  countries.
  
  12.   The  world's financial system and the  unregulated
   and   mysterious  flow  of  capital  may   benefit   the
  speculators but they do the world no good at all.   They
  are  destructive.   They destroy more  wealth  than  the
  profits  that they make for themselves.  It is not  even
  a  zero  sum  game.   It is a totally negative  game  in
  which  the  winner destroys more than he gains.   It  is
  time  that  this  vicious system  is  outlawed  and  the
  world's  economy especially the economy  of  the  poorer
  nations   be  freed  of  this  worst  manifestation   of
  capitalist greed.
  
  13.   Even  without these marauders the small  countries
  of  the  world  is  not  safe in a globalised  world.  I
  believe  the Commonwealth can play an important role  in
  helping  its  member states to mould the new  borderless
  global world.   The Commonwealth could work together  to
  ensure   that  the  developing  countries  become   full
  participants  in international economic discussions,  in
  shaping  and  influencing  the  rules  and  laws  of   a
   globalised  world.   It  could  also  work  to   promote
  policies  that  help to close the digital  gaps  between
  the  poor and rich countries so that knowledge can truly
  work for enriching everyone, rich and poor.
  
  14.   The  Royal  Commonwealth Society and  its  various
  branches  abroad should not only promote the  spirit  of
  the   Commonwealth  but  also  the   contents   of   the
  Commonwealth.  Together it should insist  on  playing  a
  meaningful role in world affairs.  I have faith that  if
  we  stay  united, the Commonwealth will continue  to  be
  significant   as  a  role  model  of   North   -   South
  cooperation for mutual benefit.
  
  15.   I  wish  all delegates a fruitful and  stimulating
  meeting


 
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