"The immediate objective must be to prevent any further deterioration in the trading system and to arrest the slide towards bilateralism, ad hoc protectionism and the erosion of multilaterally agreed norms". (A/AC. 233/5, p. 24) In order to reactivate the growth and development of the developing countries, improvement of the people's living standards must also be addressed. Economic policies should have as their main objective the betterment of the human condition and the enhancement of the contribution of human resources in economic activities. M<{ delegation believes that the strengthening of international economic co-operatioo does require an important and effective role for multilateral institutions and mechanisms such as the United Nations and its related agencies. This Organizatioo is a unique forum in which the community of nations can address all issues in a comprehensive and integrated manner. JB/9 A/S-18/PV.6 38 (Mr. Jaya, Brunei Darussalam) Our united de terminatioo to work urgentlY for the establishment of a new international development strateqy based on equitv, sovereign equalitv, interdependence, commoo interests and co-operation amorY:~ States, irrespective of their economic and social svstems, which will correct inequalities and redress existing injustices, make it possible to eliminate the widening gap between the developed and develoPing countries and ensure steadil v accelerating economic and social development, peace and justice for present and future generations. Mv delegation believes that the long-term interests of developed and developing countries are mutually compatible oo this fast-shrinking planet of ours. But that mutuality of interests nust be established on viable new concepts of creative partnership, not on old patterns of dependency but on a more dynamic view of future interdependence. The United Nations has the capacity to play a role in setting the political guidelines for the revitalization of economic growth and development, especially in the elaboration of the new international develoPment strateqy for the fourth United 
**Analysis**
The text discusses the need for international cooperation to address the decline of multilateralism and the promotion of economic growth and development, particularly for developing countries. It emphasizes the importance of addressing the widening gap between developed and developing countries and the need for a new international development strategy that is based on equity, sovereignty, and cooperation. The text also mentions the role of the United Nations in setting political guidelines for revitalizing economic growth and development.

**Category**
Economic development, International trade