The Committee’s discussion of the outcome of the High-level Plenary Meeting of the General Assembly set the context for its continued deliberations on moving towards a fairer, greener and sustainable globalization. The Vice-Chair of the Committee introduced his paper (CEB/2010/HLCP-XX/CRP.1), which was based on earlier discussions and further written contributions from members, and addressed possible policy and institutional responses to reinforcing the advantages and addressing the disadvantages of globalization. He held that there was no natural bridge between the global aspirations articulated and accepted by Member States and the national policies that they actually implement; this was due in part to the fact that such aspirations were formulated without a road map for implementation.
In his view, the United Nations system was best placed to assist in creating the bridge; it had the expertise within the system and it had the necessary universality. Stumbling blocks were the lack of resources available to agencies, which curtailed their contribution to programmatic inventions, as well as structural problems in the system of governance.
Members had a thorough discussion of the Vice-Chair’s paper. It was noted that globalization historically had a number of distinct phases. The dynamics of the current phase, marked by some three decades of increasingly deregulated capital flows, needed to feed into an appropriate assessment of the policy dialogue, and the interaction between the national and international had to be understood in a nuanced and sensitive way. In that connection, it was important to define what effective and good governance meant in the context of managing internal policy coherence and the links between the internal and external economies.
The Committee observed that its consideration of this agenda item was at the very core of its mandate for furthering policy and programme coherence and integration. It agreed that it would need to deepen and broaden this work in the lead-up to the various intergovernmental processes ahead, including the Rio+20 Conference, the Fourth United Nations Conference on the Least Developed Countries and the 2013 review of the Millennium Development Goals, among others. To that end, it accepted with appreciation the offer of the Committee Chair to hold a technical meeting, with the participation of external stakeholders, to explore the various policy options and approaches. The report of the technical meeting will be considered by the Committee at its next session.