The changes which have taken place in Eastern Europe may also contribute to a further cut-back in the minimal investment now flowing towards developing countries. Thirdly, there is a need for freer and more open international trade. During the last decade developed countries further increased their participation in world trade. But this growth occurred within a context of . protection for inefficient production through mechanisms such as requlated trade or voluntary import restriction agreements oc a whole ranqe of mechanisms which have increased trade Protectionism to intolerable levels. We are oonvident that, through the negotiations in the Uruquav Round, within the General Agreement on Tariffs and Trade (GATT), world trade can be liberalized and effective compliance with the principles of standstill and roll-back can be achieved. This special session should clearly recognize the need to expand world trade durinq the 1990s for the benefit of all nations and not onlv a few and to liberalize it within the framework of the mechanisms and commitments undertaken in GATT, particularly in the light of the results of the Uruguay Round. Finally, developing countries liUSt have access to modern technology and knowledge under conditions that will allow production to be transformed on the basis of international competitiveness. Perhaps one of the most remarkable paradoxes of the last decade has been that, while science and technology have become more and more vital for the development process, in the multilateral field there is a tendency to qive them secondarv importance. Clearly the most important issue of the 1990s will be the need for developing countries to have access to the rewards of rapid technological and industrial chanqe which are allowing unprecedented increases in the wealth and standards of livinq of developed countries. JPS/jg A/S-18/PV.S 56 (Mr • Paolillo,· Uruguay) 
**Analysis**
The text discusses the challenges facing developing countries, including the need for investment, trade liberalization, and access to technology. It highlights the importance of international cooperation and the need for developed countries to share their knowledge and resources with developing countries. The text also mentions the Uruguay Round and the General Agreement on Tariffs and Trade (GATT), indicating a focus on international trade and economic development.

**Category**
International trade, Economic development