We have put in place a new economic system which is based on an open-door policy and is market-oriented. Economic reforms introduced include tangible measures for Promotinq and diversifying exports, abolishing price controls and subsidies, encouraging domestic and foreign investments, and qiving the private sector a significant rOle in economic development. Another crucial steP taken was the JSM/bg A/S-18/PV.lO 18 (Mr. Min, Myanmar) promulgation of the Union of Myanmar Foreign Investment Law with a view to attracting non-debt-creating flows such as direct foreign investments. To prom:>te all-round socio-economic growth and development in the whole country and to ensure that every region of the country benefits equally from the changes being implemented, the Myanmar Government has launched an integrated rural development programme in the frontier areas, relying initially on our own resources. The programme places special emphasis on infrastructure-building, crop substitution and overall alleviation of socio-economic conditions. The success of this programme will at the national level bring substantial and real benefits to the regions concerned and at the international level contribute significantly to the world-wide combat against narcotic drugs by leading eventually to the eradication of opium poppy cultivation. The greatest single impediment to the economic development of developing countries is unquestionably the debt crisis and its attendant problem of a net transfer of resources from developing to developed countries on a massive scale. Well-meaning attempts to deal with this problem notwithstanding, a comprehensive solution is still not in sight. According to International Monetary Fund figures, third world debt increased from less than $800 billion in 1982 to nearly $1,300 billion at the end of 1989. As a result of the heavy debt burden, developing countries have been forced to devote a disproportionately large percentage of their export earnings to servicing their debt. An early solution to the debt crisis must therefore be given the highest priority in any development 
**Analysis**
The text primarily focuses on economic development strategies and policies, mentioning the introduction of a new economic system, economic reforms, and the promotion of foreign investment. It also touches on the challenges facing developing countries, specifically the debt crisis and its impact on economic development. The text does not explicitly discuss natural resources, environment, agriculture, forestry, fishing, health, education, employment, humanitarian aid, or culture.

**Category**
Economic development, International trade