investment, inclUding capital inflows andoutflows, andinotherformsof participation bytransnatinal corporations inhostcountries, particularly developing countries, including theircontribution bywayofthesupplyof technology andservices, including management andmarketing (firstquarter, 19(7)". Inconnection withthatproposal, reference wasmadetoparagraphs 23.16(ii)and 23.17ofthemedium-term planfortheperiod 1984-1989 6/~ndtotherecommendation madebyCPCatitstwenty-third session. 7/Another delegation believed thatthe subject oftheproposed studywasadequat;ly covered byotherprogramme elements andinexisting publications. 193.Withregardtoprogramme element 2.2(Transnational corporations in international trade), onedelegation notedthattheprogramme element covered work ofinterest todeveloping countries and,onthosegrounds, proposed thatthe Committee shouldrecommend thattheprogramme element shouldnotbeassigned lowest priority. Another delegation proposed thatthetextofoutput(i)ofprogramme element 2.2beexpanded bytheaddition ofthefollowing words: "inclUding intra-firm transactions andtransfer pricing. andonthebalance of payments ofhostcountries, including ananalysis oftheroleoftransnational corporations intheexporting activities ofdeveloping countries", andinthisconnection madereference toparagraphs 23.13and23.19ofthe medium-term planfortheperiod 1984-1939 6/andtotherecommendation ofCPCat itstwenty-third session.!/ - 194.Onedelegation questioned theneedtodevoteaseparate programme element 2.3 tothestudyofinternational financial transfers andtheimpactoftransnational banks,believing thatthisactivity couldbesubsumed underotherprogramme elements devoted tothestudyofvar~ous aspects oftransnational corporations. Another de~egation proposed thatthetextofoutput(i)ofprogramme element 2.3be replaced bythefollowing text: "(i)ReporttotheCommission ontheimpactoftransnational banks, including international financial transfers, andtheirregulations onthe economies ofdeveloping countries, including theroleoftransnational banks inexternal indebtedness ofthosecountries andnettransfer offinancial resources fromthemonmedium-term andlong-term commercial credits, aswell astheimpactoftransnational banksonthebalance ofpayments ofhost countries (firstquarter, 1986)" and,inthatconnection, madereference toparagraphs 23.16(ii),23.17and23.18 ofthemedium-term planfortheperiod 1984-1989. ~/ 195.Onedelegation questioned theexistence ofamandate forprogramme element 2.6 (Selected aspects ofhostcountry policies towards transnational corporations) and proposed itsdeletion. -39-I L , r.196.Asregards programme element 2.7(Transnational corporations inSouthAfrica andNamibia), onedelegation, supported bymanyothers,feltthatitshould be assigned highest priority andproposed that,asitsoutput, tworeports tothe Commission andtwosalespublications should beproduced covering theactivities of transnational corporations inSouthAfricaandNamibia andtheircollaboration with theracistminority regimeinthearea,aswellastworeports totheCommission on theresponsibilities ofhomecountries withrespect totransnational corporations operating inSouthAfricaandNamibia inviolation ofrelevant resolutions and decisions oftheUnitedNations. Thatdelegation alsoproosed theinclusion ofan additional outputwhichreadasfollows: "(iii) Salespublication: reportofthepanelonthepublichearings on theactivities oftransnational corporations inSouthAfricaandNamibia (firstquarter, 1986)". Inthisconnection, reference wasmadetotherelevant resolutions anddecisions of theCommission, contained inchapter Iofitsreportonitseleventh session. ~/ 197.Onedelegation proposed thatprogramme element 2.8(Analysis ofthesocialand political impactoftransnational corporations) should beassigned highest priority andthattworeports andonesalespUblication should beproduced asitsoutput. 198.Withregardtoprogramme element 2.11(Transnational corporations and industrialization: activities andimpactoftransnational corporations inselected
**Analysis**
The text discusses various aspects of transnational corporations, their activities, and their impact on developing countries. It mentions topics such as international financial transfers, balance of payments, and the role of transnational corporations in international trade and industrialization. The text also touches on the social and political impact of these corporations. Given the focus on economic and financial aspects, as well as the international dimension, it is likely that the text belongs to one or more categories related to economic development and international trade.

**Category**
Economic development, International trade