discriminatory mea~'u:e~, andtheirsubsidies, closeoffallthepossibilities that thedebtors haveofgenerating thenecessary resources torepaytheirdebt. Iftheindustrialized countries persist indenying therealoriginandnature oftheseproblems, iftheydonotshoulder theirahareofresponsibility forthe situation thatprevails inthedeveloping world,iftheydonotbecomeless inflexible withregardtojustdemands formoreequitable treatment, allour sacrifice willbeaforlorn, wastedeffortandtherewillbenoreasonforoptimism regarding thesurvival ofdemocracy. Wedonotexpectactsofcharity; wedonotencourage anachronistic moratoriums. Weaskforbettertrade;weaskformoretechnology; weasktobe allowed tosell'0ordertobeabletopayandfulfilourobligations. Wewishto growinordertobeabletopay,because werejectthealternative ofpayingand renouncing growth,justasweknowthattoignoredebtsonlyleadsto irresponsibility. ---------------------~----IMB/? A/40/W.6 15 (president: ~n9U!rietti) Thsaestatements aremadebyuruguay, acountry whichhasjustrenegotiated itsdebtunderthebestconditions thatcanbee~pec:ted :inthepresentsituation. wedonotlookattheproblem, therefore, mdertheemotional influence of resentment. onthecontrary, withtheeaseofmindprovided bythelongrepayment periods obtained, wetrytoanalyseitinhistorical perspective, overthelongrun andfromtheviewpoint ofalegitillate mutuality ofconcerns.JSM/ed A/4O/:ev.6 16 (President sanguinetti) Wethusconsider thatthefactthatthecreditor countries'havenotunderstood orhavenotwishedtounderstand thereale~sence'of theforeign debtproblem; together withtheobstacles thattheysetupagainst tradewiththedeveloping countries, thelackofresults intheNorth-south dialogue, thereluctance with whichtheprincip1es ofthenewi~ternationa1 economic orderareaccepted and applied, canonlyleadtoadeepsenseoffrustration onthepartofthedeveloping countries. Idonotbelieve thatitishealthy foranyofthesections intowhichthe worldisdivided tocontinue thisdialogue ofthedeaf,wheretheonlyoutcome has beentoeasetheguiltyconscience ofsomeandtoofferonlyfalseandshallow remedies fortheneedsofothers. Theproclamation oftheprinciples ofthenewinternational economic orderand thesubsequent attempts tomakesomeofthoseprinciples areality raisedgreat expectations ininternational forums. Butletusnotbedeceived. Thenew internationiU economic orderisforthetimebeingsimplyarhetorical listingof goodintentions. ThetermsoftradeofLatinAmerica havedeteriorated by20percentduring thisdecade, andinthisveryyear,1985,thecontinent ispreytoanewdecline in prices.Italready seemsquiteprobable thatthedropinpricesofrawmaterials in1985willmeanalossofexport incomefortheregionasawholeofcloseto $10billion. Inthemeantime, LatinAmericamustcontinue tomakenewnettransfers of resources abroadofnearly$30billion, inaddition tothe$10billionofthelast .threeyears. Intermsofoursmallcountry, thishasmeantthatsofarduring1985,allthe pricesofourrawmaterialshavedropped byabout10percent,inaddition tothe sharpdropsuffered duringthedecadeasawhole.JSMled A/49/PV.6 .'"17'. (President Sanguinetti) Traditional IIl8rkets forourmeatsarebeingclosedtousbecauseofthe ruinous competition fromhighly subs~dized meatbeingexported bytheEuropean Economic COJlllllWliity (mC)countries. Ourexportsofindustrial products basedon theagriculture andlivestock sectorarethreatened orexcluded byallkindsof protectionist barriers. DOesanybody believethatunderthesecircumstances wecanachieve apeaceful socialclimate andtheconditions neceSilSary tolaythefoundations ofeconomic development? Itrustthatthosecountries whoselevelofeconomic, political andsocial evolution ensures thattheyobtainthegreater shareofthebenefits ofprogress willunderstand thatiftheyadoptanattitude basedlessonnational short-term interests andmoreoncommonlong-term interests, theythemselves willbenefit. Surelyitismoretotheiradvantage tocoexist withnations thathaveprosperous economies andstablegovernments, thatareactivemarkets, suresources ofsupply andfriendly partners, ratherthanbesur~ounded, astheynoware,byStatesth5t areplunging towards insolvency andthatbearwithin themtheseedsofmiseryand ofitsinescapable corollary, violence? AsMontesquieu said,-Aninjustice tooneisathreattoall.- Anyopportunity tonegotiate iswelcome. Butitwillalsobeuselessifall thatthedeveloped countries seekinthenegotiations istoconsolidate their positions ofpower,orifwe,thedeveloping countries, onlyusethemasapulpit forspreading ideologies orformakingutopian claims, insteadofputting forward realistic demands orexchanging concessions onanequitable basis. we,thepeopleofthedeveloping world,mustactmorepragmatically andbe awarethatoursolidarity hasnotyetdeve~oped sufficiently tobeabletoimpose ourconditions onthosewithwhomwearedealing. Wecannotexpectgratuitous concessions. Wemustinsistonourdemands, butnotexpecttoomuchfromtheJSMjed A/40jPV ..6 18 (President Sanguinetti) generosity ofothers.. Wemustberadical inourprinciples butmoderate in applying them.
**Analysis**
This text appears to be a statement by the President of Uruguay, addressing the issue of debt and trade between developed and developing countries. The text highlights the difficulties faced by developing countries in repaying their debt, and the need for fairer trade practices. The President emphasizes the importance of mutual understanding and cooperation between developed and developing countries, and urges the former to take responsibility for their role in the global economic order.

**Category**
International trade, Economic development