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Rodong Sinmun Calls for Establishing New International Economic Order

Korean Central News Agency of DPRK via Korea News Service (KNS)

   Pyongyang, January 12 (KCNA) -- It is one of the important guarantees for the prosperity and development of countries and nations to establish a new international economic order. Rodong Sinmun today says this in a by-lined article.
    It goes on:
    The existing international economic order is an outdated order dating back to the colonial era and this is a main factor of creating an unstable situation. It is impossible for developing countries to develop economy and to be free from the imperialists' economic subjugation and exploitation as long as this order remains in force.
    It is one of the principled issues arising in establishing the new international economic order to respect sovereignty.
    No country should be allowed to meddle in other's internal affairs or impose its economic mode upon other countries.
    At present the imperialists claim that their economic mode serves as a model for the world and all countries should follow it. This is nothing but an unreasonable economic pressure and infringement upon their sovereignty. Any attempt to permit this would only worsen the inequality in the field of economy and, consequently, encourage the imperialists to intensify the exploitation and plunder of developing countries by dint of the outdated international economic order.
    It is an important requirement for establishing a new fair international economic order to categorically oppose and reject the moves of the imperialists for "globalization."
    The "globalization" much touted by the imperialists today is not a ready-made solution to the issue of the prosperity and development of developing countries but a new version of the strategy for economic domination aimed at putting them under their control. The "globalization" is, in essence, aimed at building a Westernized and capitalist world.
    The South-South Cooperation is one of the most effective ways to build a new international economic order. This kind of cooperation requires developing countries to support and cooperate in the fields of economy and trade with one another on the principle of respecting sovereignty, practicing collective self-reliance and filling each other's needs.
    Developing countries have the favorable conditions and possibilities to develop the cooperation. Closer cooperation among developing countries would make the outdated international economic order unworkable and lead it to a final collapse.