thedeveloping countries. Suchco-ordination should bedirected towards global economic growth andsocial. development toachieve equitable distribution ofthe fruits ofprogress through anexpanded worldeconomy. Developed anddeveloping countries shallparticipate inthisprocess onanequitable basis. "30.Theachievement ofthereactivation oftheeconomic growth and development ofdeveloping countries willrequire concerted action byall countries. Tocontribute tothisprocess, thedeveloping countries should continue toworktowards keeping control overinflationary tendencies, ensuring theactive promotion ofdomestic savings, thestrengthening, expansion and modernization oftheireconomies andproductive sectors, andtheriseintheir international competitiveness areessential inthiscontext. "31.Moreover, thedeveloping countries should continue toencourage both domestic andforeign investment. Inthisconnection, thereisaneedforthese countries toachieve favourable domestic conditions forinvestment andcapital formation. inaccordance withtheirlegislation, development objectives and national priorities. "32. Adurable andcomprehensive solution oftheexternal debtcrisis of thedeveloping countries, whichhasresulted ininstability, diversion of domestic savings andrecurring macro-economic destabilizing negotiations and renegotiations withcreditors, iscrucial andshould accordingly begivenurgent attention. Moreinnovative mechanisms should bedeveloped toreduce significantly thedebtburden ofthedeveloping countries. Suchareduction should besufficiently largetopermit resumption ofgrowth anddevelopment in thesecountries. Theschemes for re~uction ofdebtstockandservice should be broadened toinclude alltypesofdebtanddebtor developing countries. Forthe leastdeveloped countries, atotalforgiveness ofallofficial debtsshould be urgently undertaken. "33.Netflowsoffinancial resources todeveloping countries should be SUbstantially increased. Thecapacity ofdeveloping countries toattract financial flows,particularly commercial ones,depends onvarious conditions, in particular onthesubstantial reduction ofthedebtburden anddebtoverhang whichrequires theactive involvement oftheGovernments ofdeveloped countries. Thecapacity ofdeveloping countries toincrease domestic and external investment levelsisdirectly related tointerest ratesillthe international financial market. /...A/AC.233/L.7 English Page10 "34.Official development assistance should reachtherecommended target of0.7percentagreed uponinthe19705. Higher levels ofinternational targets should nowbeagreed uponanddisbursed. "35.Foreign direct investment andtherevival ofbanklending to developing countries should beencouraged bytheGovernments ofthedeveloped countries tocomplement domestic capital formation inthosecountries. "36.Themultilateral community should support international financial institutions toenable themtoassume amuchlarger roleinmeeting the financial resource requirements ofthedeveloping countries attheglobal and regional levels. "37.Duetothecurrent relaxation ofinternat:ion~l political tensions and agreements reached inthefieldofdisarmament, substantial financial resources should bereleased foreconomic andsocial development ofthedeveloping countries. Inthisconnection, thefeasibility ofestablishing aUnited Nations 'Disarmament forDevelopment Fund'should beseriously considered. "38.Tradeimbalances willhavetobedealtwitheffectively. Thesurplus economies andotherhighly competitive developed countries intheinternational
**Analysis**
The text appears to be focused on discussing the economic development of developing countries, including the need for coordination among countries, debt relief, and increased financial resources. It also touches on international trade and investment. The text does not mention specific natural resources, agriculture, health, education, employment, humanitarian aid, culture, or science and technology.

**Category**
Economic development, International trade