"Tonight I offer no grandiose promises and no panaceas. I do offer action. The actions I propose represent a new approach. They are based on five principles: First, a firm commitment to the inter-American system, to the compacts which bind us in that system--as exemplified by the Organization of American States and by the principles so nobly set forth in its charter. Second, respect for national identity and national dignity, in a partnership in which rights and responsibilities are shared by a community of independent states. Third, a firm commitment to continued United States assistance for hemispheric development. Fourth, a belief that the principal future pattern of this assistance must be U.S. support for Latin American initiatives, and that this can best be achieved on a multilateral basis within the inter-American system. Finally a dedication to improving the quality of life in this new world of ours, to making people the center of our concerns, and to helping meet their economic, social, and human needs."