A/RES/48/180 Page 2 Taking note with appreciation of the report of the Secretary-General on entrepreneurship and national development, 5/ Taking note of chapter VII of the World Economic Survey, 1993, 6/ Taking into account the activities of the Ad Hoc Working Group on Comparative Experiences with Privatization and the Intergovernmental Working Group of Experts on Restrictive Business Practices, of the United Nations Conference on Trade and Development, Recognizing the importance of the market and the private sector for the efficient functioning of economies in various stages of development, Recognizing the sovereign right of each State to decide on the development of its private and public sectors, taking into account the comparative advantages of each sector, bearing in mind the economic, social and cultural diversity in the world, Acknowledging that broad participation by individuals and major groups in decision-making is a fundamental prerequisite for the achievement of economic growth and sustainable development, with entrepreneurship as an important element of that goal, Noting that many countries continue to attach major importance to the privatization of enterprises, demonopolization and administrative deregulation in the context of their economic restructuring policies, as a means to increase efficiency, economic growth and sustainable development, Recognizing the important role of Governments in creating, through transparent and participatory processes, the enabling environment supportive of entrepreneurship and facilitative of privatization, in particular the establishment of the judicial, executive and legislative frameworks necessary for a market-based exchange of goods and services and for good management, as described in paragraphs 27 and 28 of the Cartagena Commitment, 2/ Emphasizing the importance of a supportive international economic environment, including investment and trade, for the promotion of entrepreneurship and privatization in all countries, Noting the difficulties that countries encounter in promoting entrepreneurship and in implementing privatization programmes owing to a lack of appropriate experience and technical capacities in those areas, Welcoming the activities that have been and will be undertaken by the organizations, bodies, programmes and specialized agencies of the United Nations system for the benefit of recipient countries and in conformity with their own policies and priorities for development, in supporting national efforts aimed at creating enabling environments for entrepreneurship and for the implementation of privatization programmes, __________ 5/ A/48/472. 6/ United Nations publication, Sales No. E.93.II.C.1. /...