Seeking a “new world order” to prevent a repeat of the current economic meltdown, Non-Aligned Movement (NAM) leaders, including Prime Minister Manmohan Singh, today explored ways to chalk out a strategy to tackle the crisis even as they underlined the need for international solidarity to fight terrorism.
Addressing the two-day NAM Summit of the 118 developing nations, Singh said the member states of the grouping were “hardest hit” due to the crisis.
“The crisis, the worst in living memory, emanated from the advanced industrial economies, but the developing economies, the members of our movement, have been the hardest hit,” Singh said, adding that the progress made by the developing nations at “the great cost and sacrifice will be wiped out”.
Opening the two-day 15th NAM Summit, Cuban President Raul Castro said the grouping believes that all countries in the world should search for effective and justified measures to tackle the current financial crisis.
NAM should promote the establishment of a new international economic order of equality and sustainable development, said Castro, the outgoing chairman of the grouping.
On terrorism, Libyan leader Muammar Gadafi said the menace has to be defined and all its forms tackled firmly.