Ironically, resources thatshouldhavebeendirected towards improving the&G/8 A/40/PV.8 28 (Mr.Sepulveda AJDor 11Mexico) well-being ofmankind havebeenchannelled intoanat'rusracethatthreatens our survival anddistorts econOl'ies. Theforeign debtproblemofLatinAmerica andofotherdeveloping countI:ies cannotbedefinitively solvedthrough rescheduling thatgrantsonlytemporary relieftothedebtorcountries andtotheinternational community. Ifweareto pay,welIusthavegrowth. Thereisarealneedforadialogue between representatives ofdebtorand creditor countries, international private banksandworldfinancing agencies asa meansofdevising formulas thatacknowledge sharedresponsibilities andreconcile thevariousinterests withaviewtorevitalizing theworldeconomy andpermitting more ~uitable levelsofdevelopment. Whatisrequired istodesignaglobalstrategy thatincludes thetransfer of newfunding undersuitable termsandconditions soastoachieve thereactivation ofworldtrade,theelimination ofprotectionist barriers against theexportsof thedebtorcountries andthereconversion. ofindustry withaviewtoutilizing the comparative advantages existing throughout theworld. Inthefieldofinternational trade,andparticularly atthenextroundof negotiations thatwillbeginin1986,itisessential toobtainpreferential treatment fortheproducts ofdeveloping countries, soastoallowthemtoexport andthereby reacharateofdevelopment thatwillmakeitpossible forthemtomeet theirgrowing domestic demands andfulfiltheircommitments abroad. Monetary, financial andtradeproblems formthedangerous structure onwhich theworldeconomy nowrests. Dialogue ~ndnegotiation, notconfrontation, arethe basicelements forseekingsolutions. Theinternational community, itsleaders and theunitedNations mustallbecalledupontojoininagreatexercise ofpolitical willforthepurpose ofstructuring reformprogrammes that,likethoseof40yearsbenefits. contextofEast-West confrontation.problems.(Mr.Sepulveaa Amor.Mexico)------------------------- A/40/PV.8 29 TheContadora Grouphassetitselftofindpolitical anddiplomatic formulasWeinsistanewthattherootsofCentral America's problems lieintheLatinAmerica alsodemands negotiated solutions tothetensions thatare Nevertheless. westandfirmincurconviction thatthedeepest causesoftheinstability ofthepolitical institutions ofthearea.Nonetheless.wecannotmycountry. together withColombia. PanamaandVenezuela. inordertoprevent aburdenandthustoachieve asolidworldeconomy withabetterdistribution ofits thatwillprotect thelegitimate interests ofalltheCentral American nations andendangering peaceintheregion. TheeffortsoftheContadora Group.undertaken by influence andstrategic balancei norisitpossible toignorethefact ~~atthetransfer realresources inordertodealwithhunger. ignorance andtheheavydebt region's needsandlaggingsocialandeconomic development thathavecausedthe peaceful settlement inCentral America.generalized conflagration areaLatinAmerican response toeminently LatinAmerican failtorecognize thattheconflict impliesgeopolitical considerations ofzonesof safeguard theirrighttoself-determination andindependence. Wearenotaloneinworldpopulation. nowneedsaboldandimaginative programme toreactivate and confrontations inCentral America areendogenous andshouldbeisolated fromtheago.willpreventcrisisandconflagration. Thedeveloping world.whichrepresents cessation offoreign interference isadecisive condition forachieving anyroorethan30percentofworldeconomic activity andmorethan75percentofthe00/8Central America andtoabstain fromanymeasurethatcouldworsenthesituation.Americais,inouropinion, aviablemeansofpreventing warandintervention inPeruandU~uguay,demonstrates LatinAmerica's rejection oftheuseofforceandA/40/PV.8 30 Although signing alegalinstrument isclearly notenoughtoensurepeaceand thezone.Thatiswhyweappealtoallthecountries oftheregiontostepupforeign intervention ofanyorigininCentral America. negotiations leadingtothepromptsigningoftheAct.Wealsourgenations with linksandinterests inCentral America tosupport agreement among th~nationsof(Mr.Sepulveda Amor, Mexi~) ourefforts. Theestablishment ofasupport group,formedbyArgentina, Brazil, development inthearea,theContadora ActforPeaceandCo-operation inCentral00/8Central American Governments andthoseinvolved intheconflict toallowlawtoThewilloftheCentral American nations isanessential element inany promote democracy andsocial andeconomic development.A/40/PV.8 31 (Mr.Sepulveda AIIor,Mexico) Political decisiveness andgoodfaithareWldoubted requisites forthe Thefearoffalling behindinthecompetition toachieve tnegreatestaresult, adynamic increase intensions andinthestockpiling ofweapons istechnological andmilitary supremacy thatinturncausesevergreater distrust. As
**Analysis**
This text is primarily focused on the economic and political aspects of international relations, with a specific emphasis on the debt crisis in Latin America and its impact on global economy. The author highlights the need for a global strategy to address the debt crisis, promote international trade, and ensure sustainable development. The text also touches on the theme of international cooperation and the importance of political will to achieve peace and stability.

**Category**
Economic development, International trade