We also hold that external factors, the international economic environment and economic co-operation are among the most determining factors in development. Yet the definite denominator of economic growth is an internal one. This element must always be kept in mind in the formulation of anv programmes and policies or the carrying out of activities that every State deems approPriate to its circumstances and priori ties. We in the United Arab Emirates believe in the importance of co-operation among developing countries. DesPite the fact that our countrv is dePendent on one primary commodity, namely, oil, my Government, since independence in 1971, has earmarked a large part of national income to assisting developing countries in Africa and Asia, whether through direct aid and loans or through the Abu Dhabi JVM/3 A/S-18/PV.S 9-10 (Mr. Al-Shaali, United Arab Emirates) Development Fund, which was established for this verv purpose. The Fund has contributed either directly or in co-operation with other Arab Funds to the implementation of hundreds of projects in African and Asian countries. Most of its activity is focused on the least developed countries. There is not sufficient time to elaborate herel suffice it to say that at the end of the 1970s mv country was acknowledged to be among the largest donors in the world. Today, despite the collapse of its oil market and the sharp decline in national income, my country continues to carry out its programmes of economic assistance. In this, we are guided by the values which, as human beings, lead us to believe that happiness cannot be achieved except through collective co-operation. The more advantaged have a duty to shoulder their resPOnsibility and to suppOrt those less fortunate than themselves so that they may be able to rebuild their economies. 
**Analysis**
The text primarily focuses on the economic development of the United Arab Emirates and its role in assisting developing countries, highlighting the importance of international cooperation and the responsibility of more advanced countries to support those less fortunate. The discussion is centered around economic growth, development, and assistance, with a mention of natural resources (oil) and its impact on the country's economy.

**Category**
Economic development, Humanitarian aid and relief