been achieved. Exports have qrown fivefold, the share of industrial qoods in exports has more than doubled, reachinq 80 per cent, while the balance. of payments has improved dramatically, reqisterinq surpluses in the past two years. Thus Turkey has reduced its external debt by beinq able to meet its service obliqations reqularly and on time. It is true that not all developing countries have had favourable conditions to implement externally oriented policies. For the low-income developinq countries and those heavily in debt, the development Process has been seriously impeded in the 1980s, leavinq them far behind in world qrowth. In qeneral, due to their relative weiqht and their qrowth potential, the industrialized countries play a dynamic role in the qrowth of developinq countries. However, one of the major chanqes that have occurred in the structure of the world economy is the increasinqly asymmetric character of relations between industrialized and developing countries. In fact, while the industrialized countries wi. th market economies have, as a whole, experienced a modest but continuous expansion over the last seven years, most developinq countries are still goinq throuqh a deep crisis. JP/jl A/S-18/PV.3 77 (Mr. Bozer, Turkey) In spite of this growing asymmetry, the economic policies of the industrialized countries and the level of their co-operation affect the policies of the developinq countries. There can be no doubt about the importance of intensified co-operation between those responsible for economic policies in the industrialized countries in recent years. However, there is still a long way to go. The general problems of unemployment, protectionist pressures, high real interest rates, external imbalances, volatility of exchange rates and the vulnerability of financial markets are the clearest proof of that. Dealing with those problems requires the establishment of closer co-operation, particularly in 
**Analysis**
The text discusses the economic development of Turkey, highlighting its growth in exports and balance of payments, as well as the impact of the global economy on developing countries. It also touches on the importance of cooperation between industrialized and developing countries to address common economic challenges.

**Category**
Economic development, International trade