been available to Ghana it would have been able to increase domestic investment and thereby expand its productive capacity and create jobs to bolster its Structural Adjustment Programme. The need for adequate remuneration for the produce of developing countries is therefore urgent arrl critical. This calls for a complete overhall of the international trading system and its underlying reward system. But seeing that the developed countries which enjoy an advantage under the existing regime are, for the time being, unwilling to agree to any fundamental change, the developing countries have had to make do with an Integrated Programme for Commodities, with a supporting Common Fund. The coming into force of the Common Fund is a positive development, and international support should be strengthened to ensure its smooth and effective functioning. In this regard we call on all those countries which have not joined the Common Fund to endeavour to do so. The familiar advice offered commodity-dependent countries is to diversifY, but whose who succeed in creating industries that can compete with the products of the industrialized countries face tariff and non-tariff barriers erected against them. Jv.t/2 ,A/S-18/PV. 4 4 (Mr. Obed Asamoah, Ghana) The upsurge of managed trade in the international trading system is cause for concern. In any case, diversification is a long-term proposition requiring resources not only to meet the immediate financial crisis created by low export receipts but also to implement long-term diversification programmes. Another key factor is the question of the external indebtedness of developing countries and the constraint that onerous debt-service burdens have imposed on them. In general, debtor developing countries have done a commendable job of meeting their obligations to creditors, as evidenced by the absence of any disruptive defaults in the financial system. But this has been achieved at the 
**Analysis**
The text discusses the challenges faced by developing countries in their economic development, specifically in increasing domestic investment, expanding productive capacity, and creating jobs. It also touches on the issue of international trade, highlighting the need for a complete overhaul of the system and the constraints imposed by debt-service burdens. The text does not mention specific sectors such as agriculture, forestry, or fishing, nor does it discuss natural resources or the environment, health, education, employment, humanitarian aid, or culture.

**Category**
International trade, Economic development