should also be q iven to the question of financial flows to the developinq countries, since it is closely linked to the problems of debt, commoditv Prices and international trade. In the Libyan Arab Jamahiriya, we have special experience in this reqard. A f&~ years aqo we started to establish joint ventures, first in Africa, then in Asia and Latin Amewrica. These Projects, financed by joint capital, have been seekinq to rePlace indebtedness with a new sys tern of co-operation. Until now we have succeeded in settinq up more than 130 such ventures and joint development banks in the three continents. Despite the 1t0dest volume of these funds in comParison with international indebtedness, we consider this a breakthrouqh that has borne fruit in manY req ions of the world. What is needed is the development of co-operation amonq ourselves, both reqionally and collectively at the international level. It is noteworthv tha.t the encouraqinq qrowth rates achieved bv some of our qrouPS over the last decade were accompanied bv a parallel increase in co-oPeration between them. JVM/29 A/S-18/PV.S 140 (Mr. Treiki, Libvan Arab Jamaharival We of the third world must reject economic dependence~ our experience is hiqhly significant in this oontext. We should be aware that whatever the Price we pay 011er the short term for rejectinq economic dependence, it will be far less than that we will have to JaY in the lonq run if we accept dependence. In fact, many formulas proposed under the banner of co-operation and assistance aim at consecrating such dependence and exploitation. EMS/30 A/S-18/PV. 8 · 141 (Mr. Trei k i, Li bvan Arab Jamahiriya) There is qreat apprehension that some will view the economic and political, developments in 'certain countries as a kind of bloodless victory. But such a 
**Analysis**
The text appears to be discussing the economic development and international cooperation between developing countries, specifically the Libyan Arab Jamahiriya, and the need for self-reliance and cooperation to overcome economic dependence and debt. The text also touches on the topic of international trade and finance.

**Category**
Economic development, International trade