financial terms exclusively. The consequences of that debt have an enormous political and social impact on debtor countries. As the Secretary-General stressed in his statement in the Research Centre on Debt and Development, in Cracov, Poland, one year ago, "the debt problem far surpasses the boundary of economies. When the welfare of peoples and the stability of Governments are in question, the issue has an international dimension. That is why a genuinely concerted solution is now required on the basis of dialogue and co-operation." That is also why, in our considerated opinion, the United Nations and the Secretary-General should continue to pay great attention to the global debt Problem and to the efforts of all concerned to solve it. The debt burden has attained such a magnitude that it prevents growth and adjustment with a human face and the restoration of debt-servicing capacity. That is why we fully share the opinion expressed in an excellent report to the United Nations Development Programme by an independent group of experts headed by Professor Lars Kalderen that developing countries• debts need to be reduced in order to reverse negative resource flows and a fall in investment typical of the last few years. RH/6 A/S-18/PV. 7 23 (Mr~ Makarczyk, Poland) The situation in the developing countries is further aggravated bv the deterioration in their terms of trade and the protectionism in many developed countries, which clearly bypass the rules of the General Agreement on Tariffs and Trade. We hope that the Uruguay Round will finally succeed in improving world trade and its beneficial role for all, includinq the ability to qenerate resources for the solution of foreign indebtedness. The time has come to take comprehensive steps by sharing responsibilities and takinq into account the vital interests of 
**Analysis**
The text discusses the global debt problem and its impact on developing countries, highlighting the need for a concerted solution and the importance of international cooperation. The consequences of debt are not limited to the economy, but also have political and social implications. The text also touches on the issues of trade, investment, and resource flows.

**Category**
Economic development, International trade