On November 26, 2007, the General Assembly declared that on February 20 of each year the World Day of Social Justice will be celebrated.
The General Assembly recognizes that social development and social justice are indispensable for the achievement and maintenance of peace and security in and among nations, and that, at the same time, social development and social justice cannot be achieved if there is no peace and security, or if all human rights and fundamental freedoms are not respected.
In addition, globalization and interdependence are opening up new opportunities through trade, investment and capital flows as well as advances in technology, including information technology, for the growth of the world economy and the development and enhancement of the world economy standard of living throughout the world, while serious problems persist, such as acute financial crises, insecurity, poverty, exclusion and inequality, within and between societies, and major obstacles to greater integration and full participation of developing countries and some countries with economies in transition in the world economy.
