Chairman:UNITED NATIONS Gralif, ~ene·UAssembly EIGHTEEN'l'II SPECIAL SESSION OfficialRecords SUMMARY RECORD OFTHE3rdMEETING Mr.ZEPOS CONTENTSADHOCCOMMITTEE 3rdmeeting heldon Wednesday, 26April1990 at10a.m. NewYork (Greece) INTERNATIONAL ECONOMIC CO-OPERATION, INPARTICULAR THEREVITALLIZATION OFECONOMIC GROWTH ANDDEVELOPMENT OFTHEDEVELOPING COUNTRIES (continued) Thisrecordissubjecttocorrection. Correctlionsshouldbesentunderthesignature ofamemberofthedelegation concerned weekofthedateofpublication totheChiefoftheOfficialRecordsEditingSection. RoomDC2-7S0. 2UnitedNationsPlaza.andincorporated inacopyoftherecord. Corrections willbeissuedaftertheendofthesession. inaseparatecorrigendum foreachCommittee. 2481S(E)Distr. GENERAL A/S-18/AC. 27April ORIGINALA/S-18/ AC.1ISR.3 English Page2 Themeeting wascalled toorderat10.35a.m. INTERNATIONAL ECONOMIC CO-OPERATION, INPARTICULAR THEREVITALIZATION OFECONOMIC GROWTH ANDDEVELOPMENT OFTHEDEVELOPING COUNTRIES (continued) (A/S-18/7 andAdd.l (Parts IandII» 1.Mr.WIESEBACH (Deputy Director-General oftheUnited Nations Industrial Development Organization) saidthatovertheprevious decade, industrial growth and development hadvaried withthepaceofeconomic growth inthethirdworld. The developing countries' shareofworldindustry hadremained static, yet industrialization wasstillthequickest and,formanycountries thesole,meansof escaping poverty. 2.During the1990s, theUnited Nations Industrial Development Organization (UNIDO) wouldfocusonimproving manufacturing efficiency attheplantlevelandon strengthening thenational institutions andpolicies whichsupported industry. 3.Amajorobjective wouldbetopromote economic andindustrial growth inorder toalleviate thecrippling debtproblem. UNIDOwouldalsohelptheGovernments of developing countries tostrike amoreequitable balance between thepublic and private sectors. Itwouldcontinue itsefforts topreserve pastinvestment through industrial rehabilitation andtoensure environmentally sustainable development. 4.Inmanydeveloping countries" faltering reactivated through arenewal ofinvestment. tohelpdeveloping countries seekinvestment export-oriented industries.industrial development couldbe UNIDOwouldthusstepupitsefforts opportunities, particularly 5.The1990swouldbemarked byintense competition inworldmarkets andby constant changeintheprocess ofinnovation, whichwouldrequire thedeveloping countries toadoptnewstrategies andpolicies. Endogenously driven technological development wasessential. Managerial andentrepreneurial innovation wouldbe necessary ifthedeveloping countries weretoreapthebenefits ofthenew technologies. G.Inrecent yearstheglobalization ofproduction hadbecome increasingly important. Whileitcouldofferconsiderable economies ofscaleandstrengthened thepotential forSouth-South co-operation, suchglobalization tended toleadthe developing countries tomaster onlypartoftheproduction process. Theconflict between thepotential forincreased efficiency andtheneedformastery ofthe entire production process called forcarefully considered technical assistance responses. 7.Industrial rehabilitation featured prominently instructural adjustment programmes. Rehabilftation couldbenecessitated byproblems attheenterprise levelorbyproblems stemming frominappropriate macro-economic policies. Accordingly, priority mustbegiventoopportunities forinvestment inindustries which.offered goodprospects ofsuccess inthecontext ofmacro-economic reform. /..A/S-18/AC.1/SR.3 English Page3 (Mr.Wiesebach) UNIDOprogrammes weredesigned tohelpnational anddevelopment finance authorities assessindustrial rehabilitation requirements atthesectoral, subsectoral and enterprise levels andtorevitalize orreorient ailingindustries. Small- and medium-scale enterprises couldplayapivotal roleintheindustrial development process andUNIDOwouldtherefore focusonthatsector ofindustry. 8.Environmental degradation inthedeveloping countries wasprimarily related to
**Analysis**
The text appears to be a summary record of a meeting discussing economic development, industrial growth, and cooperation among developing countries. The topics covered include revitalization of economic growth, industrial development, debt problems, investment, and environmental concerns. The focus is on the role of the United Nations Industrial Development Organization (UNIDO) in promoting economic and industrial growth, particularly in developing countries.

**Category**
Economic development, Industry