resource flows for development, show a broad common theme. All agree that thevarious problems confronting the international economy i.n these areas .re hlghlyinterrelated and that their solution reguires concerted actlon on a nuftber offronts. Although lhe groups of countries differ lridely on the scope and urgency ofaction as well as on the proper forums for addressing the is6ues, all recognizethat international co-operation in these fields needs to be strengthened. In the following paragraphs an attenpt has been nade to summarize the posilion of thedifferent groups of countries on major issues, focusing mainly on the convergenceof views wiChin individual groups but also polnting, ehere appropriaEe, to a fee areas in uhich the position of one group has found support. ln anoCher.^/ 40/708 English Page 20 A. DeveLoping countr ies A2. In their responses, deveLoping countries have emphasized the close linkagesthat exist in the international economy and the i nter rela tionshi p among the various issues raised by ceneral Assenbly resolution 39/2L8. in particular amonq Ehe slow groHth of the world economy, the growth of developing countries and questions relating to flow of resources, international trade, the growing debt burden and aspects of the flbnetary and financial systeo, While recognizing that some of the problems facing the international economy are of recent origin, developlng countries emphasize that these problems are rnanifestations of structural imbalances and asymoeCries in the systen. They call for an improvenent in the co-ordina tionof the macro-econonic policies of the major developed countries, for a reform of the international monetary system to take into account the changes in economicrelations that have taken place since Bretton t{oods and for eguitable participation in the decision-making process that affects the global economy. Furthermore, developing countries stress that significant progress towards the solution of lhe probleos of international economic co-operation can be made if commitments already undertaken by tbe international community ln vari,ous fields are implemented. They want the reform of the internatlonal monetary, financial and trading systen togtart with effective action in areas in which broad consensus and aqreed conmitments already exi 9t. 83. Developing countries recognize the importance of doftest.ic policies for
**Analysis**
The text primarily focuses on the international economy, highlighting the interconnectedness of various problems and the need for cooperation among countries. Developing countries are emphasizing the importance of macroeconomic policies, international trade, and financial systems, suggesting a strong connection to economic development and international trade.

**Category**
Economic development, International trade