yielded noconcrete progress ontheformalprocess ofthelaunching ofglobal negotiations oninternational economic co-operation fordevelopment.---------------_. __._-- RH/5 A/40/PV.l34 6 (ThePresident) However, aswasrecently reaffirrne;;l attheSUll'lllitoftheNon-Aligned Movement, clearly thelaunching ofglobal negoti~tions isacentral objective oftheeconomic platform ofthedeveloping countries. Theconstant difficulties experienced bya vastnumberoftheminmatters oftrade,money,finance, rawmaterials and, particularly, debtamplysupport thebasicsentiment thatinspires theproposal to launchglobalnegotiations. Itwould,however, beanerrortothinkthatthefailure tolaunchglobal negotiations sofarsignifies thatinfactthereisnodialogue ornegotiations on theNorth-South issues. Obviously, bothwithintheunitedNations proper a?d withinthesystem, several developments havetakenplaceoraretotakeplace designed toadvance thecauseofamorejustandequitable international economic order. Iwouldonlymention therecentspecial session oftheGeneral Assembly on Africa, thelaunching ofanewroundoftradenegotiations inGATT,the preparations forthemeetings oftheWorldBankandtheInternational Monetary Fund,and,notleast,thepreparations fortheseventh session oftheUnited Nations Conference onTradeandDevelopment (UNCTAD). Alltheseoccasions provide opportunities forprogress onspecific issues. However, whatismissing isasufficiently highlevelofpolitical discussions andnegotiations ontheinterrelationship between thesevarious components~ hence, itmaybeargu:~d, thecontinued validity oftheproposal. Onthecourseofactiontobefollowed bytheAssembly attheclosure ofthis session, Iwouldpropose, onthe.basisofinformal consultations, thattheAssembly decidetoinclude inthedraftagendaoftheforty-first session theitementitled -Launching ofglobalnegotiations oninternational economic co-operation for development-. Ifthereisnoobjection, itwillbesodecided. Itwassodecided. /... ------------~~-----'RR/5 A/40/PV.134 7 Mr.GOLOV(Yugoslavia): Ishouldliketomakeastatement onbehalfof theGroupof77concerning theconsideration ofc!gendaitem41,-Launching of globalnegotiations oninternational economic co-operation fordevelopment-. TheGroupof77mustagainnotewithdeepregretthatthedeveloped countries havefailedtoagreetothecommencement ofdialogue andnegotiations onthe interrelated issuesofmoney,finance, debt,tradeanddevelopment. Ourregret-andourcomplaint -isthattherewasnoprogr~ss inthisfield duringthefortieth anniv~rsary session oftheGeneral Assembly oftheunited Nations. Weseethisasaseriousfailure oftheinternational community. The selfish interests ofsomehavebrought aboutthisseriousfailure. Ishouldlike torecallherethattheGeneral Assembly failedtoactonthisitematsix consecutive sessions. Itmayberecalled herethattherecentSummitConference ofNon-Aligned Countries, heldinHarare, Zimbabwe, atthebeginning ofthismonth,devotedfull attention tothisissue. HeadsofStateorGovernment onceagain reiter,itl~d that globalnegotiations remained themostimportant andthemostcomprehensive endeavour oftheinternational community intherestructuring ofinternational economic relations, theaccelerated development oftheeconomies ofthedeveloping countries andthestrengthening ofinternational economic co-operation. IshouldliketorecallalsothattheHeadsofStateorGovernment of Non-Aligned countries requested theGroupof77inNewYorktocontinue itsefforts tobeginnegotiations forthelaunching ofglobalnegotiations, andassoonas possible. Atthesametimetheyurgedthedeveloped countries todemonstrate the necessary political willtoenablethenegotiations tobelaunched, because the globalnegotiations doremainavalidconcept -asamatteroffact,theconcept -countries. Non-Aligned Countries, heldinHarare, whichstatethat:andtheCzechoslovak Socialist Republic.(Mr.Golov,Yugoslavia)A/40/PV.134 8 Fortheirpart,thedeveloping countries areresolved tocontinue their Ourdelegations wishonceagaintoconfirm theirunswerving principled supportMr.President, theGroupof77isinagreement withyourproposal thatthe Mr.BAKALOV (Bulgaria) (interpretation fromRussian): Iamhonoured to thePeople's Republic ofBulgaria, theHungarian People's Republic, theGerman position ofthesocialist countries hasbeenrepeatedly reaffirmed atthehighest MutualEconomic Assistance. Ourdelegations support theprovisions oftheEconomicpartyandgovernmental levelsindocuments oftheWarsawTreatyandtheCouncil fortheUnionofSovietSocialist Republics, theUkrainian SovietSocialist Republic forthepromptcommencement intheUnitedNations ofglobalnegotiations in
**Analysis**
The text discusses the launch of global negotiations on international economic cooperation for development, which suggests a strong focus on economic issues. The text mentions specific topics such as trade, money, finance, debt, and raw materials, which are all related to economic development. Additionally, the text references international organizations such as the United Nations, GATT, and the World Bank, which further supports the idea that the category is likely to be related to economic development.

**Category**
Economic development, International trade