NAM standing for equitable benefits of globalization

Globalization has brought benefits and opportunities for many people in many parts of the world. However, many others have been excluded from its positive impact. Extreme poverty remains a daily reality for more than 1 billion people who subsist on less than $1 a day. More than 800 million people have too little to eat to meet their daily energy needs. Inequality between countries and within countries has also increased and global environmental risks have increasingly become a matter of global concern.
Today, the gap between rich and poor countries is expanding, as is the gap between the rich and poor within these countries Global integration thus is spatially selective and this view has been echoed in the summits and declaration of the Non-Aligned Movement. The Tehran Declaration of the Non-Aligned Movement categorically stated that the process of globalization has made developing countries more vulnerable to the adverse impact of the financial and economic crises, climate change, and recurrent food crisis and energy prices volatility. In its present form, globalization perpetuates or even increases the marginalization of developing countries. Developing countries often struggle to compete with developed countries; therefore it is argued free trade benefits developed countries more. Globalization negates the infant industry argument according to which infant industries in developing countries are justified to put tariff on imports in order to grow. Although free trade increases opportunities for international trade, it also increases the risk of failure for smaller companies that cannot compete globally. Additionally, free trade may drive up production and labor costs, including higher wages for more skilled workforce.
In order for the developed countries to overcome the national barriers through globalization, arrangements need to be made to help strengthen regional cooperation. Though the largest developing countries have little international clout, but if they negotiate as regional groups, they can magnify the weight of their opinion. In this context, the role of the Non-Aligned Movement assumes a greater significance. In order to ensure a fair play of globalization, NAM has called upon each government to evaluate the trade-off between the benefits of accepting international rules and commitments and the constraints posed by the loss of policy space, and emphasized that it is particularly important for developing countries, bearing in mind development goals and objectives, that all countries take into account the need for appropriate balance between national policy space and international disciplines and commitments.
NAM has underscored the need for the UN system to seriously address the introduction of new institutional arrangements to bring coherence and coordination among distinct sets of rules applying to various areas of economic activity. NAM believes that the UN system should address the inter-linkage between economic globalization and sustainable development, in particular by identifying and implementing mutually reinforcing policies and practices that promote sustained, inclusive and equitable economic growth.
The Non Aligned Movement has been vocal in the protection of global South and has reiterated that globalization must be transformed into a positive force for change for all peoples, benefiting all countries, and contributing to the prosperity and empowerment of developing countries, and not their continued impoverishment and dependence on the developed world. The movement recommends that “ efforts must be made to generate a global strategy to prioritize and mainstream the development dimension into global processes, and in the relevant multilateral institutions in order to enable developing countries to benefit from the opportunities offered by globalization and trade liberalization, including through the creation of an enabling external economic environment for development which requires greater coherence between the international trading, monetary and financial systems that should be universal, open, equitable, non-coercive, rule-based, predictable and non-discriminatory.

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