commensurate withitsprogrammes andactivities, ratherthanlimiting those programmes tomatchavailable resources. Reference wasmadeinthatconnection to General Assembly resolution 39/232onindustrial development co-operation and paragraphs 26to3lofthepreamble inthereportoftheFourthGeneral Conference. 2/Thefirstsession oftheGeneral Conference ofUNIDOasa specialized agency,itwassaid,shouldexamine thequestion offinancing and,in particular, thenewarrangements thatmightberequired. Itwaspointed outthata consistent policywithregardtooptimal useofexisting resources andpotential wasrequired, andthesecretariat wasurgedtousethoseresources asefficiently aspossible, avoiding duplication andoverlapping ofwork.Itwasstatedthatfor international organizations toobtainalargershareofthedevelopment assistance provided bydonorcountries, itwasessential thattheybeefficient anddonot employtoolargeaproportion ofassistance fundstocoveradministrative costs. Thepreoccupation oftheExecutive Director toreduceadministrative costswas therefore welcomed. -12-ed, d was rom ere xof nk by ter f the had i\'ith lee L lk I. lses. to .n Ita .y 'or Ice49.Theproposal oftheExecutive Director thatdeveloping countries should assume amorerepresentative sharepfthefinancing ofthenewsecretariat wasconsidered somewhat unrealistic fromthepolitical andeconomic viewpoints. Theviewwasalso expressed thattheproposal mightmeritfurther consideration. 50.Amongthesatisfactory achievements oftheFourthGeneral Conference ofUNIDO, heldatViennain1984,itwasobserved thattheConference hadresulted in 11substantive resolutions adopted byconsensus whichwereofanaturetogivethe organization decisive guidance ontheactionitshouldtake,confirming strategies whichwouldguideamoreindependent UNIDO. Asignificant landmark inthehistory oftheorganization, theConference hadnevertheless failedtomeetentirely the aspirations ofthedeveloping worldandhadregrettably notbrought aboutthe required increase infinancial resources. Although theConference hadservedto reaffirm UNIDO'searlier mandates, regret wasexpressed atthelackofagreement on someofthemostvitalissues. Thefailure oftheConference toreachconsensus on thedraftresolution onworldindustrial restructuring andredeployment, itwas observed, waspartly duetotheroleoftransnational corporations indeveloping countries. Itwasgratifying thattheGeneral Assembly hadsubsequently adopted resolution 39/235onthesubject, butitwasnotedwithregretthattheAssembly hadreferred thedraftresolution onmobilization offinancial resources for industrial development toitsfortieth session. Itwasstatedthat,untilthat resolution hadbeenadopted, UNIDOwouldfaceserious difficulties inacquitting itselfofthetaskssetforthintheresolutions adopted bytheConference. 51.Following theannouncement duringthecurrent session ofthecompletion ofthe ratification process oftheConstitution ofUNIDObyfour*memberStates, broad satisfaction wasexpressed thatUNIDOappeared atlasttobeonthevergeof conversion intoaspecialized agency. Theconversion ofUNIDOwas,however, notan endinitself, norcoulditsolveautomatically alltheproblems whichhadbeen confronting UNIDOovertheyears. Furthermore, theconversion shouldnotsimply be aformality, butshouldreflect thepolitical willofStatestoseekcloser international co-operation andmoreeffective action. Theforthcoming transformation presented auniquechancefortheestablishment onanewandsound basisofaninstrument forNorth-South aswellasSouth-South co-operation. Itwas expected thattheneworganization wouldplayamoreeffective, intermediary and supplementary roleinassisting theindustrial development ofthedeveloping countries andinpromoting international industrial co-operation. Itwaspointed outthatinternational industrial co-operation wasanimporta~t partoftheissue ofdevelopment; itwascomprised ofNorth-South co-operation andSouth-South co-operation, whichweremutually supplementary~ North-South co-operation basedon equality andmutualbenefit, itwasstated, wasnotone-way charity: thedeveloped countries assisted theindustrialization causesofthedeveloping countries financially andtechnically, whilethedeveloping countries madetherelevant
**Analysis**
The text appears to be discussing the development of industrial cooperation and the role of the United Nations Industrial Development Organization (UNIDO) in promoting industrial development in developing countries. The text mentions the need for efficient use of resources, the importance of international cooperation, and the role of transnational corporations in developing countries. The text also mentions the conversion of UNIDO into a specialized agency and the need for a new and sound basis for international industrial cooperation.

**Category**
Economic development, Industry