adjustment, as well as seek ina ways to deal with them that will nake lona-term JVM/5 A/S-18/PV. 7 17 (Mr. Yafiez-Barnuevo, Spa in) development possible. In this connection, we are in favour of more substantial measures to alleviate the debt burden, Promote increased financial fl011s to developinq countries and ensure that adjustment has a human face. From a lonq-term structural ooint of view, a Prooer stratecw and allocation of priorities for international economic co-operation should focus on the aforementioned areas: the enhancement of a system of international economic relation that allows fer and s trenqthens qrowth and development, combined with a domestic stratecw on the 'P:lrt of developinq countries that is backed up by the co-operation of the donors in accordance with clearly defined priori ties. In the first area, our concerns should be focused on two issues: first, the link between trade and development, considered at the Uruquav Round neqotiations, the shapinq 0 f co-operation and the international cnmmodi ties reqime, or the option for multilateralism~ secondlv, co-ordination of domestic economic policies, with special attention to their repercussions on the international economic situation. On the other hand, however favourable the in terna tiona! economic climate may be, the achievement of economic qr011th and develooment deoends fundamentally on the efforts of each countrv concerned. These efforts can be complemented, reinforced and accomP?lnied bY international oo-ooeration, but it would be verv difficult, if not impossible, to make the latter a subs ti tu te for the former. This domes tic stratecw and these efforts aimed at develooment and the kind of co-ooeration that contributes to it must be planned and executed on all fronts of social, economic, cultural and political life; but in 11'1 opinion, this develoPment deoends on qivinq special priority to the followinq major issues: 
**Analysis**
The text appears to be discussing the framework for international economic cooperation and development, focusing on the alleviation of debt burden, promotion of financial flows to developing countries, and ensuring that economic adjustment has a human face. The text also highlights the importance of domestic economic policies and international cooperation in achieving economic growth and development.

**Category**
Economic development, International trade