closing. On the other, the movement towards regionalization, which is becoming apparent on both sides of the Pacific, the efforts of the European Community and the prospects for complete European integration are evidences of an important restructuring process. This picture of change and promise is none the less clouded by problems relating to economic growth in the developing countries as well as to problems affecting the international economic system. Confronted with so many changes and problems, we need to adopt a realistic approach, avoiding both complacency and alarmism. In other words, it is incumbent upon us to rely on a new form of international co-operation that fully reflects the economic realities of our times. Those realities consist of economic interdependence, ecological interdependence, increasing reliance on the market RH/16 A/S-18/PV. 3 74-75 (Mr. Bozer, TurkeY.) economy and the diversity of economic structures and problems. as well as the need to establish relations based on mutual advantage. The prospects for growth and development in the developing countries would appear to be based primarily on three factors: the policies they themselves will adopt, the economic performance of the industrialized countries and the capacity of the international economic system to back up the implementation of effective policies by the developing countries. JP/jl A/S-18/PV.3 76 (Mr. Bozer, Turkey) The experience of the 1970s and the 1980s has proved the importance of domestic policies. In most cases, the adoption of outward-lookinq policies has allowed some developinq countries more fully to benefit from the possibilities of foreign trade, foreiqn investment and adequate -relatively speakinq -loans. Turkey1s experience in that reqard is a qood example. Since 1980 Turkey has fundamentally transformed its economic structure and its ties with the world economy ttlithin an effective proqramme of structural adjustment. As a result, in the last decade remarkable qrowth rates and a rapid industrial transformation have 
**Analysis**
The text discusses the current state of the world economy, highlighting the importance of international cooperation, economic interdependence, and the need for effective policies to promote growth and development in developing countries. It also mentions the experiences of individual countries, such as Turkey, and their efforts to transform their economies. These themes suggest that the text is primarily focused on economic issues.

**Category**
Economic development, International trade