DRAFTRESOLUTION III Roleoftransnational corporations intheleast developed countries* TheEconomic andSocialCouncil, Mindful oftherolethattransnational corporations couldplayinthe d~velopment oftheleastdeveloped countries, andconcerned thattransnational corporations havelargely bypassed thosecountries, Stressing theneedforappropriate policies andmeasures, including those instituted byhome-country Governments, andforinternational actionincluding action bytheUnitedNations Centre onTransnational Corporations, toenhance thecontribution oftransnational corporations intheleastdeveloped countries, Mindful ofthedevelopment objectives andpriorities oftheleast developed countries, Notingwithappreciation thereportoftheSecretary-General ontherole oftransnational corporations intheleastdeveloped countries, }I 1.Emphasizes thecrucial needfortheUnitedNations Centre on Transnational Corporations toprovide assistance totheGovernments ofthe leastdeveloped countries, attheirrequest, invarious areaspertaining to foreign directinvestment bytransnational corporations asoutlined inthe reportoftheSecretary-General, ~Iwithaviewtostrengthening their capabilities indealing withtransnational corporations, aswellastodevise innovative andaction-oriented approaches inthatregard, aimedat substantially increasing thecontribution oftransnational corporations Inthe leastdeveloped countries; 2.Requests ~heSecretary-General toundertake astudyonhome-country legislation oninvestment bytransnational corporations intheleastdeveloped countries; 3.Invites theSecretary-General tostudyfurther theimpactoflevels ofofficial development assistance, balance-of-payment support, technical assistance andotherformsofassistance totheleastdeveloped countries on flowsofforeign direct investment tothosecountries; Forthediscussion, seechap.11below. 11E/C.IO/1989/6. -3- i I4.Requests theUnitedNations Centre onTransnational Corporations to participate actively intheSecondUnitedNations Conference ontheLeast Developed Countries, tobeheldin1990,andinthepreparatory meetings for theConference; 5.Alsoreguests theSecretary-General tosubmit areporttothe Commission onTransnational Corporations atitssixteenth session onthe implementation ofthepresent resolution. DRAFTRESOLUTION IV Draftcodeofconduct ontransnational corporations* TheEconomic andSocialCouncil, Notingthereports oftheSecretary-General onacodeofconduct on transnational corporations 41andoninterna~ional arrangements andagreements related totransnational corporations, 51submitted totheCommiGsion on Transnational Corporations atitsfifteenth session, Reiterating thatthespecial session oftheCommission onTransnational Corporations continues tobethecompetent andauthoritative bodyofthe UnitedNations fornegotiating thecodeofconduct ontransnational corporations, Reaffirming theneedtofinalize thecodeofconduct ontransnational corporations assoonaspossible, Takingintoaccount thecomments onthesubject madebydelegations duringthefifteenth session oftheCommission, Requests theChairman ofthespecial session oftheCommission on Transnational Corporations, inco-ordination withtheExecutive Director of theUnitedNations Centre onTransnational Corporations, t~intensify consultations onthecodeofconduct ontransnational corporations, witha viewtoresuming negotiations onthecodeinthecontext ofthespecial session oftheCommission onTransnational Corporations, possibly nolater thantheendof1990. *Forthediscussion, seechap.IVbelow. 41E/C.10/1989/4. 51E/C.10/1989/5. -4- DRAFTRESOLUTION V Transnational corpor&tions andenvironmental protection indeveloping cQuntries. TheECQnomic andSQcialCouncil, Recalling General Assembly resolutions 43/196of20December 1988ona UnitedNations conference onenvironment development, 42/186 Qf 11December 1987QntheEnvironmental Perspective totheYear2000andBeyQnd, and42/187 Qf11December 1987ontherepQrtoftheWorldCQmmissiQn Qn Environment andDevelopment, Awarethatlargeindustrial enterprises, including transnational corpQrations, arefrequently therepositories ofscarcetechnical skillsfor
**Analysis**
The text discusses the role of transnational corporations in the development of least developed countries, highlighting the need for policies and measures to enhance their contribution. It also touches on the impact of official development assistance, technical assistance, and other forms of assistance on foreign direct investment. Additionally, it mentions the importance of environmental protection in developing countries. These themes suggest that the text is primarily concerned with economic development and the management of resources.

**Category**
Economic development, Industry