exert political pressure on developing countries or even interfere~ in their domestic affairs. This tendency is detrimental to international economic relations. Such conduct not only imPairs the development of friendly and ·co-operative relations among nations on the basis of the Five Principle~ of Peaceful Coexistence but also poses a. threat to world stability and development. Secondly, there must be an improved intern~ti61Jal. ec9nomic environment. Whether the economies of the developing countries can take a 1tyr~ for the better in the 1990s largely depends on a significant improvement of the international economic environment and the effective support of t~e Ji.nt.ernational community. In this respect, developed countries, particularly the major developed countries, have an inescapable responsibility. In the formulation of macroeconomic policies of the major developed countries and the policy co-ordination amonq them the interests of the developing countries must be taken into full consideration. At a time when economic relations among countries become increasingly closer, all countries must have a riqht to participate fairly in the process of international co-ordination, r"ather than JSM/ASW A/S-18/PV. 3 43 (Mr. Zheng Tuobin, China) having one country or a few countries making decisions for all. The macroeconomic policies of major developed countries, which have significant external impact, should be placed under appropriate multilateral surveillance. The United Nations should play a much larger role in the creation of a more favourable international economic environment. Thirdly, the revitalization of the economic grONth and development of the developing countries must be the primary objective of international economic co-operation. The developing countries, as a whole, are facing qrave difficulties in their economic development. The revi tal iza tion of the growth and development of these countries must therefore be the focus of and an urgent task for international economic co-operation. Without solving the developmenk: problems of four-fifths of 
**Analysis**
The text primarily discusses the importance of international cooperation in promoting economic development, particularly for developing countries. It highlights the need for improved international economic environment, consideration of developing countries' interests in macroeconomic policies, and the focus on revitalizing their economic growth and development. The text also touches on the importance of the United Nations in creating a more favorable international economic environment.

**Category**
Economic development, International trade