we may succeed in arriving at agreement on the concept of development dialogue, the improvement of the world economy arrl the correction of its major imbalances. A better understanding of the thorny economic realities that prevailed during the 1980s, and of the reasons underlying the absence of anv genuine dialogue on ways and means tD tackle the world •s economic problems, would help developed and developing countries alike adopt a scientific approach to the formulation of economic policies appropriate for the 1990s. In order to face future challenges and revitalize growth and development in the developing countries, we believe that we must adopt a number of measures and policies to effect structural changes in international economic relations and establish a new system that can contribute to the balanced and stable growth of the world economy and particularly, to the accelerated development of the developing countries. Among the important measures we view as necessary are the following: first, the formulation of specific measures to imProve the co-ordination of macro-economic policies on a global level, due account being given to the qoals of the EM/2 A/S-18/PV. 6 3 (Mr. Al-Zahawie, Iraq) socio-economic progress of the developing countries. Secondly, the promotion of international co-operation and the revitalization of its machinery and institutions, including the strengthening of the United Nations role in the economic sphere as a major forum for dialogue and negotiations on questions pertaining to international co-operation for development, and an avoidance of any action that might tend to weaken nultilateral economic co-operation, in particular the role of the United Nations and its specialized agencies. Thirdly, there is a need for broader participation by the developinq countries in the world economy, recoqnizing the fact that the manaqement of the world economy at a time of rapid changes and increasing interdependence calls for aqreement on 
**Analysis**
The text discusses the concept of development dialogue, the improvement of the world economy, and the correction of its major imbalances. It emphasizes the need for coordination of macro-economic policies, international cooperation, and broader participation of developing countries in the world economy. These topics are all related to economic development and international trade, and the text does not mention any specific sectors such as agriculture, forestry, or fishing.

**Category**
Economic development, International trade