A/RES/57/274 future based upon a common humanity in all its diversity, can globalization be made fully inclusive and equitable and thus have a positive impact on development; 4. Reaffirms the need to improve mutual supportiveness by fulfilling the commitments made, as agreed, at all United Nations conferences and summits, including those of the United Nations Millennium Declaration, 1 in order to promote sustained economic growth and sustainable development in the context of globalization and interdependence; 5. Underlines that in order to make globalization work for all, it is essential to invest in basic economic and social infrastructure, social services and social protection, including education, health, nutrition, shelter and social security programmes, which take special care of children and older persons and are gendersensitive and fully inclusive of the rural sector and all disadvantaged communities and are vital for enabling people, especially people living in poverty, to better adapt to and benefit from changing economic conditions and opportunities; 6. Also underlines the critical need to reinforce national efforts in capacitybuilding in developing countries and countries with economies in transition in such areas as institutional infrastructure, human resource development, public finance, mortgage finance, financial regulation and supervision, basic education, public administration, social and gender budget policies, early warning and crisis prevention, and debt management; 7. Stresses the need for the United Nations system to continue to address the social dimension of globalization, and in that regard encourages the International Labour Organization’s work on the social dimension of globalization; 8. Recognizes the right of countries to choose independently their own paths to development and national poverty reduction strategies; 9. Reiterates that success in meeting the objectives of development and poverty eradication depends, inter alia, on good governance within each country and at the international level. Sound economic policies, solid democratic institutions responsive to the needs of the people and improved infrastructure are the basis for sustained economic growth, poverty eradication and employment creation. Transparency in the financial, monetary and trading systems and the commitment to an open, equitable, rule-based, predictable and non-discriminatory multilateral trading and financial system are equally essential; 10. Notes that important international efforts are under way to reform the international financial architecture, emphasizes that those efforts need to be sustained with greater transparency and the effective participation of developing countries and countries with economies in transition, and that one major objective of the reform is to enhance financing for development and poverty eradication, and underscores the commitment, set forth in paragraph 53 of the Monterrey Consensus of the International Conference on Financing for Development, 2 to sound domestic financial sectors, which make a vital contribution to national development efforts, as an important component of an international financial architecture that is supportive of development; 11. Takes note of the communiqué of the joint International Monetary Fund/World Bank Development Committee of 28 September 2002, in particular paragraph 10, on the need to identify pragmatic and innovative ways to further enhance participation of developing countries and countries with economies in transition in international decision-making and norm-setting, and encourages all relevant international financial institutions to take concrete measures to that end; 3