"In an era where our destiny is shared, power is no longer a zero-sum game. No world order that elevates one nation or group of people over another will succeed. That is the future America wants," Obama said in his address, which was keenly watched by Iranian President Mahmoud Ahmadinejad and Libyan leader Moammar Gadhafi.
Telling the leaders of the countries present that the time has come for the world to move in a "new direction", Obama said: "Our work must begin now."
Sounding distressed over the issue of terrorism, he said "Extremists sowing terror in pockets of the world. Protracted conflicts that grind on and on. Genocide and mass atrocities. More and more nations with nuclear weapons. Melting ice caps and ravaged populations. Persistent poverty and pandemic disease."
The President added, "I say this not to sow fear, but to state a fact: the magnitude of our challenges has yet to be met by the measure of our action."
Obama remarked that a special envoy to Middle-East peace had been appointed and reiterated that America was for the peaceful existence of Israel and Palestine side by side.
Asserting that failure of action on the nuclear proliferation issue will only give a boost to a nuclear arms race, he said that America was committed to nuclear disarmament.
He told the international community that the US would ensure the withdrawal of troops from Afghanistan by 2011 and added that USA was even responsibly ending the war in Iraq.
Lauding the achievement in global warming, the President stated that his nation had invested USD 80 billion in climate change and become a leader from being a mere bystander.
On the global crisis, Obama claimed, “We worked with G20…..and spent over two trillion dollars” to combat recession. Besides he proudly told the Assembly that America had spent USD 20billion in the global food initiative to ensure food security.
Talking to the United Nations, he said, “We have reengaged the United Nations..we have paid our bill…we fully embrace the Millenium Development Goals.”