remedy its chronic imbalances. If the slow-down persists, it will und:>ubtedly sustain the decline in the economic qrowth of the developinq countries and result JVM/13 A/S-18/PV. 6 57 (Mr. Al-Shakar, Bahrain) in a more acute stalemate that will threaten international economic stability as a whole. Moreover, socio-economic indicators for the decade ahead suqqest that prospects are weak for improvement in the economies of the developinq countries unless international neasures are taken to alleviate the burden of their external debts, increase their financial inflo .... ·s, expand markets for their exports, facilitate the transfer of technoloqy to them and create a m::>re favourable international economic environment. Of course, such measures require the introduction of siqnificant modifications in the current economic policies and concepts qoverninq international trade and m::>netary and financial questions. Simultaneous and parallel actions to solve both lonq-and short-term problems afflictinq the developinq countries must also be adopted to help them contribute actively to the world economy. This will be possible only throuqh the initiation of qlobal neqotiations between North and South, within the framework of the United Nations as the appropriate forum for the pronotion of international economic co-operation and interdependence for socio-economic development. We entertain the hope that the industrialized countries will hold serious negotiations with the developing nations in a spirit of mutual benefit and co-operation to achieve the successful outcome of this special session, especially since we live in an interdependent world in which no country or group of countries can exist in isolation from the effects of dislocations and disturbances, wherever they may be. For their part, the developinq countries have once more reiterated their sincere commitment to the solution of socio-economic problems throuqh international co-operation, in accordance with the Charter, and throuqh the implementation of a new international <'Evelopment s trateqv for the fourth United 
**Analysis**
The text discusses the economic challenges faced by developing countries, highlighting the need for international cooperation to address issues such as debt burden, financial infrastructure, and market access. It also emphasizes the importance of global negotiations between North and South to promote international economic cooperation and development.

**Category**
Economic development, International trade