projections fortherateofgrowthoftheeconomies ofindustrialized countries for 1985and1986remainlow.The1985rateofgrowth maynotexceed2.8percent;it maywellbelower. Atthesametime,theeconomies ofthedeveloping countries remainunderheavy pressure. Theiroverall growthratesremainwellbelowlevelswhichwouldoffset population growth,letalonesecuredevelopment gains. Combined withthe severities oftheadjustment process whichmarked theficstthreeyearsofthis decade, thisdecline ingrowthrateshasbrought intosharpfocustheconstraints ontheireconomies, threatening widersocialandpolitical strife. Thedeveloping countries havebeenmakingadjustments without anyparallel improvement inthe worldeconomic environment andinthefaceofserious resource constraints, the growing menaceofanincreasingly intolerable debtburden, reverse transfer of financial resources andintensifying protectionist barriers against theirexports todeveloped countries. Against thisbackground, theweakening ofthecommib\ent tothespiritofinternational economic co-operation andanerosion of~~e multilateral systemisadeeplydisturbing trend.Itisparadoxical thatthis shouldbehappening whenthereisanincreasingly widerrecognition thattheworld economy hasbecomemoreinterdependent, calling foragreater needtosustain and further theinternational consensus infavourofdevelopment.EMS/13 A/40/PV.IO 59-60 (Mr.Khan,India) Wehavealsoseenwithgrowing concern theincreasing resorttobilateralism orselective multilateralism withtheadoption ofpolicies andpractices whichrun counter totheagreedgoalsandobjectives ofinternational economic co-operation. Thisisanegation oftheconsensus whichthedeveloped countries themselves had helpedtoachieve. Itisapparent thattheprevailing international economic crisiscannotbe explained awayasacyclical phenomenon. Ithasitsori9ininstructural inadequacies whichhavebeenworking totheparticular detriment ofthedeveloping countries. Itcallsforafundamental reviewoftheexisting structures. Itisessential thattheinternational community renewatthisfortieth anniversary sessionitscommitment totheresumption ofinte~national negotiations withtheobjective ofstimulating worldeconomic recovery andensuring sustained growth, particularly ofdeveloping countries. Thisrequires inparticular an integrated approach intheinterrelated areas.of money,finance, debtandtrade, andarestructuring ofinternational economic relations. TheLuandaMinisterial Conference oftheNon-Aligned Countries reaffirmed the strategies forinternational economic negotiations adopted bytheSeventh Summitat NewDelhi. TheConference alsodefined aframewo~~ forthecommencement ofa dialogue.BHS/at A/40/PV.lO 61 (Mr.Khan,India) Iwouldliketosuggest thatourimmediate effor~ shouldconcentrate onthe following: First,rectifying through approp~iate measures anaactions the-inadequacies andmalfunctioning- oftheinternational monetary andfinancial system. Secondly, theadoption ofpolicies andactions toimplement theagreements on rollback andstandstill withawidening o~theaccesstoexports fromdeveloping countries andtheremoval ofallinfringe~.ts onprinciples, rulesandregulations oftheinternational trading system. Thirdly, theadoption ofmethodologies whichwouldensuremultilateral co-ordination ofmacro-economic policies pursued bydeveloped countries andthe placing oftheirmonetary andfinancial policies withinthepurview of international discipline. Fourthly, theincrease offinan(ial flowstothedeveloping countries, in particular concessional flowstothe1,w-income countries. Fifthly, makingtheinternational ~djustment process symmetrical andequitable. Iwouldalsoliketopropose thatduringthissession high-level discussions beundertaken toachieve understandings thatwouldcommence theprocess forthe convening ofanInternational Conference onMoneyandFinance forDevelopment. Thecritical economic situation inAfricaandthedrought andfamine conditions haveevokedaspontaneous response fromtheinternational community, inclUding manynon-aligned countries. TheleadersoftheAfrican countries atthe twenty-eighth summitConference oftheOrganization ofAfrican Unity(OAU)have adopted aboldandcourageous Declaration inwhichtheyhaveexpressed Africa's
**Analysis**
The text discusses the economic situation of industrialized and developing countries, highlighting the decline in growth rates, debt burdens, and the need for international cooperation to address these issues. It also touches on the theme of international trade and the need for symmetrical and equitable adjustment processes. The text does not specifically discuss natural resources, agriculture, forestry, fishing, health, education, employment, humanitarian aid, culture, or science and technology.

**Category**
Economic development, International trade