different Parts of the world. Specifically, the determined move towards economic integration in Western Europe has in fact contribute to reshaping what has come to JVM/13 A/S-18/PV. 6 59-60 (Mr. · Sedoc; Suriname) be called East-West relations. Consequently, a reorientation of economic and socio-political ties is takinq Place and the structures and objectives of existinq frameworks for providinq economic and financial assistance are beinq re-examined. RH/14 A/S-18/PV. 6 61 (Mr. Sedoc, Suriname) These developments, together with the new industrial potential of some young States in Asia, have placed the develoPment process in the context of a raPidly changing world scene. And although new prospects and opportunities for economic co-operation have opened up, imbalances and uncertainties still exist between the industrialized and the developing countries. which necessitates a greater understanding so that the different development concerns can be resolved. As previous speakers have observed, for most developing countries the 1980s were a pervasive setback to development and were characterized by contrasting progress and decline, threats and opportunities, hopes and frustrations. It has already become a commonplace, but it is nevertheless true that the score of the devel,oping countries has been affected, one way or the other, by high inflation, monetary instability, environmental concerns, commodity price fluctuations, protectionism and other problems. It is also true that several developing c~untries have adopted sound and realistic macro-economic policies, but their ability to stay on the course of policy reform they have undertaken is contingent, in part, on developments in the world economy. And as one cannot compound economic hardshiP by unrealistically imposing adjustment measures, there is obviously a definite need for concretely calculated programmes that deal with all aspects, including remedial actions that redress, or at least mitigate, negative consequences of those ad jus t:men ts. Suriname has embarked on such a programme, and it appreciates the assistance rendered by the European Community. 
**Analysis**
The text discusses the economic development of developing countries, particularly in the context of global economic changes and the impact of these changes on their development processes. It touches on issues such as economic integration, macro-economic policies, and the need for calculated programs to address the negative consequences of economic adjustments.

**Category**
Economic development, International trade