some success in widening the options open to their peoples. For instance, some developing countries have been able to oombine broad-based economic growth with more equality in income distribution and a reallocation of resources to the social sectors. RM/6 A/S-18/PV.4 24-25 (Mr. Pronk, Netherlands) As another example, the success of some Western countries in achieving a balance between equity and efficiency stems from the interconnection of three value systems: a mixed economy, a welfare state guaranteeing social security and a pluralistic political system based on democracy, with full respect for human rights. International co-operation should be based on the need to help developing countries achieve their own balance between equity and efficiency. As a matter of fact, international co-operation in a global economy can be based on the same three value systems that have increasingly met with consensus at national levels. We need a global mixed economy, including a strong and clear international framework of powerful public institutions, a kind of global public sector, enhancing the wealth-creating and welfare-creating capacities of the global private sector. We need an internationalization of the concept of the welfare state, with international transfers to correct gross inequalities. And this implies that all donor countries must implement the 0.7 per cent target as soon as possible. Lastly, together with a global mixed economy and a global welfare state, we need an international pluJ:alistic democracy within which developing countries can participate effectively in international decision-making. This brings me to the agenda for the future. Many international meetings dealing with important items on the global agenda are either already under way or foreseen. Examples, as the preceding speaker, the Minister of Malaysia, mentioned, included the Uruguay Round of trade negotiations, the negotiations on the international development strategy, the eighth United Nations Conference on Trade and Development (UNCTAD VIII), the United Nations Conferences on Least Developed 
**Analysis**
The text discusses the relationship between economic growth, equity, and efficiency, highlighting the importance of a mixed economy, welfare state, and pluralistic democracy in achieving a balance between these three elements. It also touches on international cooperation and the need for donor countries to implement the 0.7% target. Given the focus on economic development, international cooperation, and the concept of a global mixed economy and welfare state, it is likely that the text falls under the categories related to economic development.

**Category**
Economic development, International trade