Global markets must be balanced by global values such as respect for human rights and international law, democracy, security and sustainable economic and environmental development.

The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.

The world has got more democracies than ever, and human rights are high on almost every country's agenda. Still, corruption and oppression are far too common threats to the democratic society. And we have seen a dramatic increase, the last 10-15 years, of ethnical conflicts and humanitarian crises with human rights violations as important elements., but also more of corruption. Human rights are praised more than ever - and violated as much as ever.

The United Nations remains our most important global actor. These days we are continuously reminded of the enormous responsibility of the Security Council to uphold international peace and stability.

The globalisation of information makes people aware of what they have - and have not. Problems and oppression are impossible to hide, and the new and powerful tools of information provide us with more opportunities than ever to react and act.

Globalisation has made us more vulnerable. It creates a world without borders, and makes us painfully aware of the limitations of our present instruments, and of politics, to meet its challenges.

States have the responsibility to create rules and conditions for growth and development, and to channel the benefits to all citizens by providing education and making people able to participate in the economies, and in decision-making.