Mr. Kinnock expressed his appreciation of the r e-establ i shnent and advance of denocracy in Argentina and the significance of the effective rneasures adopted bythe Governnent of President Alfonsin to defend hunan and civil rights, including the r e-es tabl ishnent of judicial authori.ty calling to account those who had sogrievously violated then. Both agreed that the main threat to democracy and peace in Latin America wasthe continuj.ng econonic crisis. Dernocratic stability in the contj.nent is obviouslyclosel-y linked to the possibility of growth in its econonies. The maj.n obstacles Co the efforls of the developing countries are the world financial system which denies the necessary resources for development and naintains interest rates atcrippling levels. the distortion of world trade through the increase ofprotectionism and the deterioration of the terns of trade for those countrres. President Al-fonsin and Mr. Kinnock agreed on the need for urgent and substantial reforms to the present world econonic system. In particular, they considered that tatin Aner ican foreign debt nust be dealC with politj.calty by the Governments of botb creditor and debtor countries with the ain of ensuring lhe developnent of tbe region and, conseguently, sustaining denocralic systems. President Alfonsin and Mr. Kinnock enphasized that such reforns vJould have mutual- advantages of slability and emptoyment for devefoped and developing countries lhroughout the wor1d. Both expressed a firn desire for rapid progress in the peace negotiations incentral Anerica undertaken by Che Contadora Group. ahd Mr. Kinnock emphasized the importance of the recent establishnent of the support croup to those negotiations, made up of denocratic covernnents of the Latin Anerican continent, includj-ng the covernnent of the Argentine Republic. President Alfonsin and Mr. Ninnock underlined the responsibility of the
**Analysis**
The text discusses the economic and political situation in Argentina and Latin America, highlighting the challenges of economic crisis, foreign debt, and the need for reforms to the world economic system. The conversation between President Alfonsin and Mr. Kinnock focuses on the relationship between economic development, democracy, and peace in the region. The text also touches on international trade and the role of the Contadora Group in negotiating peace in Central America.

**Category**
Economic development, International trade