recovery in developing countries, particularly those that suffered decline and staqnation in the 1980s, would imply tacklinq some of the economic problems already identified, which, on present trends, would persist throuqh the first half of this decade. The debt overhanq would have to be eliminated, commodity prices stabilized, flows of resources to developinq nations increased, and the technoloqical capacity of developinq countries imProved and strengthened. Progress on these issues is an essential element to sustained development. The world economy is becominq increasinqly interdependent. This implies the indivisibility of the challenqes before the world community. In our view we cannot seriously seek to achieve the objectives of revitalizinq development, qrowth and international trade without accepting the responsibility which rests on all countries collectively and individually. The central and fundamental theme of the development dialogue, therefore, should be what can be done at the qlobal level to ensure balanced and accelerated economic qrowth and development for all, JSM/td A/S-18/PV. 5 39 (Mr. Lukman, Niqeria) especially in the developinq countries. The urqent call for collective action to revitalize and st:imulate growth Clld development in the countries of the South is predicated on the imperatives of our qlobal interdependence. The countries of the South not only constitute a siqnificant pertion of the world's oooulation but also represent the "new frontiers" of the qlobal economy. Indeed, stuntinq the qrowth and expansion of the economies of those countries would adversely affect the overall performance of the world economy. Conversely, the economic qrowth and expansion of the South would have far-reachinq benefits for the international economic system as a whole. This is the essence of our mutual interdependence. As the Uruquay Round of multilateral trade neqotiations draws to a close, it is pertinent for the Assembly especially to address the issue of trade in relation to the developmental needs of the developinq countries. 
**Analysis**
The text primarily focuses on the economic development of developing countries, highlighting the need for collective action to revitalize and stimulate growth, eliminate debt, and improve technological capacity. It also mentions international trade and interdependence, which suggests that economic development is closely linked to global economic systems.

**Category**
Economic development, International trade