and, often without effect, to adopt resolutions and programmes of action, which so far have contributed only marginally to development and the strengthening of relations of international economic co-operation between the North and the South. On the contrary, it should give Member States an oPPOrtunity to address all the rna t ters assoc ia te!d with in tern a tiona! co-oper at ion be tween the North and the South on the pragmatic basis of the following three factors, which underlie economic relations between those two worlds. The first is the productive capacity of developing countries to increase their participation in international trade and gain them export earnings to finance their development and meet their international obligations in the form of foreign debt. The second is the establishment of a coherent policy for investment by the international community in developing countries, systematically to exploit to the maximum extent possible all their natural resources -mineral and others -with which they are well endowed, so as to provide them with basic infrastructures in roads, other forms of transport, telecommunications and other sectors whose potential is still immeasurable. The third factor is the transfer of new technologies to the developing countries through joint venture schemes, thus introducing methods or means to manufacture and transform raw materials into finished products with the greatest value in the international market. The importance of those three factors is largely explained by the inadequate economic policy applied by the well-off countries, as shown by their willingness to increase interest rates on loans qranted to the developing countries while they JP/jg A/S-18/PV. 4 123 (Mr. Bagbeni Adeito Nzengeya, Zaire) favour a constant reduction in the price of commodities produced by those countries and insist that debts be paid in accordance with the timetables laid down. That is 
**Analysis**
The text appears to be discussing the economic relationships between developed and developing countries, highlighting the need for cooperation and investment in developing countries to promote their economic growth and development. The text emphasizes the importance of increasing developing countries' participation in international trade, exploiting their natural resources, and transferring new technologies to them. This suggests that the text is primarily focused on economic development and international trade.

**Category**
Economic development, International trade