international co-operation for development and accentuating the imbalances that exist between developed and developing countries in sharing the burden of adjustment. In any event, what needs redefining are the present procedures, negotiating schemes and terms. Along with a recognition of the linkage between the success of development efforts and the need for a favourable international environment, we must also RM/4 A/S-18/PV. 3 14-15 (Mr. Larco Cox, Peru) recognize, with the same sense of urgency, the need to redefine our development models and to adjust them to new international circumstances, thereby favouring the reconversion of our productive structures. Only in that way will we be able to ensure the stable and permanent development process that, together with social justice, is the foremost requirement of any democracy and, at the same time, its prime guarantee, and thereby to ensure the freedom our peoples deserve. However, the question is not merely one of accepting, on the basis of these postulates, a set of concepts that define development as a partial process obedient solely to market forces. Almost without exception the actual conditions in our countries demand that we should harmonize the necessary balance between market forces with the role to be played by Governments, placing all this in the context of popular sovereignty, which is the sole expression of the essence of democracy. Therefore, while we can point to some successful experiments in accelerated growth in special circumstances in a very small number of developing countries, particularly in Asia, we must also take into account the fact that these were controlled by factors which were not strictly economic but, at times, depended on strategic considerations growing out of an imposed selectivity of roles. Thus it is ]mperative that on the basis of those concepts, developed and developing countries alike should assume their responsibilities. We agree that the 
**Analysis**
The text discusses the importance of international cooperation and the need to redefine development models and procedures to ensure sustainable development, social justice, and freedom. It highlights the need for a balance between market forces and the role of governments, and emphasizes the importance of popular sovereignty. The text also mentions the success of accelerated growth in some developing countries, but notes that these were influenced by non-economic factors.

**Category**
Economic development, International trade