for the United Nations to reaffirm its role as a universal democratic forum in the examination of vital issues of international economic relations and global development. Developing countries have a primary responsibility for the development of their own economies. However, external conditions are verv much intertwined with internal ones and can affect the latter either positively or negatively. For countries to succeed it is essential that the pattern of international economic relations should be transformed into one conducive to the reactivation of economic growth and sustained development of developinq countries. It is hoped that this will go a long way towards contributing to a decrease in international interest rates, the stability of financial markets, and exchange rates, which will be of central importance in supporting the developing countries. Achieving the reactivation of the economic growth and development of developing countries will require concerted action by all countries. Special efforts are necessary to put the development objective more plainly in focus than the adjustment theme which has long overshadowed it. The developing countries should continue to work towards such goals as ensuring the active promotion of domestic savings and the strengthening, expansion and modernization of their economies and productive sectors. They should also continue to encourage both domestic and foreign investment. BHS/dl A/S-18/PV. 4 148 (Mr. Thoahlane, ·Lesotho) Concerninq financial flows to the developing countries, we strongly believe that for the 1990s, the net flows of financial resources to developing countries should be substantially increased. Official development assistance should reach the recommended target of 0.7 per cent aqreed upon in the 1970s. Industrial donor countries should increase their overseas development assistance to the least developed countries in compliance with the Substantial New Programme of Action for 1980s for the least developed countries. In the 1990s, the international financial 
**Analysis**
The text appears to be focused on the economic development of developing countries, discussing the need for a transformation of international economic relations to support economic growth and development. It also touches on issues related to financial flows, official development assistance, and the need for increased investment in developing countries.

**Category**
Economic development, International trade