co-operation within which the needs of the most afflicted could be taken good care of. The United Nations is no doubt the best available forum for an agreement on such a new design as it provides, to all nations, the possibility to particiPate in an 'integrated consideration of all the main elements of the economic relations among and between States -money, finance, business, trade and technology. There is clearly a need to conceive of a broad regulatory framework within which all corporations, national or transnational, would be able to produce more efficiently and compete in a fairer manner. BHS/jl A/S-18/PV.7 84-85 (Mr~ Nogueira-Batista, Brazil) The reconstruction of international economic co-operation is, of course, a major task which will, in any event, take time to .shape up. We must start as soon as possiible, for the perpetuation of instability and uncertainty ~ill certainly affect the economic interests of all nations and may compromise our parallel :efforts to ensure international peace and securi tv. In the absence of international economic co-operation, the richer nations may still prosper 1 the poorer ones will most probablY be compelled further to postpone· the fulfilment of their develol'l!lent aspirations: in sum, a world of aqqravated disparities and increased tensions. RM/19 A/S-18/PV.7 86 (Mr. Noqueira-Batista, Brazil) Brazil would certainly be prepared to particiPate actively in any collective exercise leading to a much-needed new world economic system. Brazil cannot, however, remain passive in the absence of proress to that end, aqreeinq -as it were -to be condemned to poverty and despair. The recently inauqurated Brazilian Government has, on its own initiative, taken bold and comprehensive steps to overhaul the finances of the public sector and of the economy as a whole as a pre-condition to the resumption of non-inflationary qrowth based on the private 
**Analysis**
The text discusses the need for a new international economic system, highlighting the importance of cooperation among nations to address economic disparities and promote economic growth. It also mentions the need for a broad regulatory framework to enable corporations to produce efficiently and compete fairly. The text does not specifically mention natural resources, environment, agriculture, forestry, fishing, transport, communication, health, education, employment, humanitarian aid, or culture, but rather focuses on the economic aspects of international cooperation and development.

**Category**
Economic development, International trade