findings during its eighth session and found the report to be the essential step towards identifying the various aspects of technical assistance in accounting education, training and research, invites the United Nations Centre on Transnational Corporations to take the necessary follow-up action, including: (a) Holding regional meetings in Africa with the specific purpose of ,discussing the findings of the survey and identifying, with the representatives of Governments, academia and the accounting profession, long-term and comprehensive strategies to strengthen accounting development; (b) Organizing these meetings with the international aid community, including the World Bank, the International Labour Organisation and the United Nations Development Programme, as well as regional and bilateral agencies and professional organizations; (c) Formulating, based on these strategies, pilot projects for meeting accounting needs in Africa. * For the discussion, see chap. IV below. -11- Chapter II RECENT DEVELOPMENTS RELATED TO TRANSNATIONAL CORPORATIONS AND INTERNATIONAL ECONOMIC RELATIONS 4. The Commission considered item 3 of its agenda at its 1st, 2nd and 3rd meetings, on 2 and 3 April 1990. It had before it the reports of the Secretary-General on recent developments related to transnational corporations and international economic relations (E/C.l0/1990/2), on transnational corporations and development: policies to stimulate the transfer of investment capital, technology and skills to developing countries in the 1990s (E/C.l0/1990/3) and on home country incentives for investment in least developed countries (E/C.l0/1990/4). The Commission decided to consider policy proposals contained in the document E/C.l0/1990/3 under the agenda item on the activities of the Commission on Transnational Corporations. 5. In his opening statement, the Executive Director pointed out that world-wide flows of foreign direct investment had grown by 4 per cent in 1988, to reach $150 billion; all signs indicated a greater acceleration in 1989. However, developing countries had received a declining share of the global foreign direct . 
**Analysis**
The text appears to be discussing the relationship between transnational corporations, international economic relations, and accounting education, training, and research. The focus is on the global flow of foreign direct investment and its impact on developing countries. The mention of specific organizations, such as the World Bank and the International Labour Organisation, suggests a connection to economic development and international trade.

**Category**
Economic development, International trade