Community. introduced adraftproposal (A/AC.233/L.8) entitled "Draftdeclaration onthespecial session oftheGeneral Assembly devoted tointernational economic co-operation. inparticular therevitalization ofeconomic growth anddevelopment ofthedeveloping countries", whichreadasfollows: Proposal submitted byIreland "We,theStates Members oftheUnited Nations "1.Reaffirm thattheprincipal aimofinternational economic co-operation istobringabouttheframework required toalloweachindividual humanbeingtoleadalifeofdignity, basedonfreedom fromintoleranee, discrimination, oppression, exploitation, illiteracy andpoverty, and,tothat end; "2.Adoptthefollowing Declaration onInternational Economic Co-operation, whichsetsoutthebasicprinciples fortherevitalization of economic growth anddevelopment ofthedeveloping countries: "1.Weaffirm thatthereduction ofinternational political tensions, theincreasing globalization ofworldeconomic activity andthegrowing convergence ofviews on,political andeconomic issues together enable the UnitedNations toplaya moreeffective roleintackling theproblems facedby thedeveloping countries. Infulfilling thisrole.theUnited Nations should takefullaccount ofthediversity ofsituations facing individual countries andworktodeviserealistic andflexible approaches whichbenefit all individuals. especially thepoorest inthedeveloping countries. "2.Weemphasize theneedtobringaboutsustainable, non-inflationary economic growthinallcountries. Effective national policies haveacritical roletoplayinachieving thisobjective. Suchpolicies should beoutward­ andmarket-oriented. Theyshould besupportive ofinvestment aswellasof efficient allocation andmobilization ofresources toachieve durable growth anddevelopment. Formanydeveloping countries. inparticular theleast developed, national policies, inparallel with internationa~ co-operation in thisfield, mustovertimeseektodiversify theeconomic base,.thereby lessening theirdependence onprimary commodities. Themultilateral /...A/AC.233/L.9 English Page6 development agencies haveacrucial roleinassisting developing countries design andimplement effective national policies. "3.Weaffirmthatasupportive international environment iscrucial to thesuccess ofeffective national policies. Tothisend,existing economic imbalances andmonetary instability intheindustrialized world, which, interalia,affect thelevelofinterest rates, mustbetackled decisively. Theachievement ofthisobjective wouldfacilitate increases inresource flows todeveloping countries andwouldcontribute toasolution ofexisting debt problems. Theseproblems negatively affect manydeveloping countries and theirresolution continues torequire innovative approaches. "4.Werecognize thatthefullmobilization ofthehWTlaDresources of developing countries iscrucial tosuccessful development. Tothisend,there existstheneedtosupport·movement towards pluralistic institutions which guarantee equitable development andhumanrights. Universal access tobasic health, education andshelter iscrucial. Thefullandequalinvolvement of womeninthedevelopment process willactasanimportant spurtosuccessful development. Particular attention mustbepaidtotherateofpopulation growth soastoallowsustainable development. "5.Werecognize thecritical importance ofanopenmultilateral trading system. Inthisregard, efforts mustcontinue tobringabout asystem that allows thedeveloping countries tobenefit further fromtheirareasof comparative advantage. Wepledge ourdetermination toworktoachieve a successful, balanced andcomprehensive outcome totheUruguay Round. Regional co-operation amongdeveloping countries intrade, technical anaotherformsof economic activity cancontribute toastrengthened multilateral trading system.
**Analysis**
The text appears to focus on international economic cooperation, sustainable development, and the promotion of economic growth and development in developing countries. It emphasizes the importance of reducing international political tensions, achieving sustainable and non-inflationary economic growth, and promoting open multilateral trade. The text also touches on issues related to resource mobilization, human rights, and the full involvement of women in the development process.

**Category**
Economic development, International trade