the global economy depends must be guaranteed. And the economic partners must be satisfied that the exchange is equitable; relationships that are unequal and based on dominance of one kind or another are not a sound and durable basis for interdependence." We endorse these conditions as fundamental principles of sustainable economic activity, especially emphasizing that economic development and protection of all global ecological systems must be made compatible. Future economic development should not be based on increases in consumption of energy and raw materials, but instead must stress greater efficiency and reduced inputs. ECE Governments should give high priority to reducing excess consumption and waste in their own societies in order to achieve sustainable development. To reduce environmental degradation, ECE countries should work with countries experiencing rapid population growth to assist them in implementing their population policies, particularly by meeting the basic human needs of impoverished peoples. I• • • A/CONF,151/PC/10 English Page 33 (a) All sectors of society should be encouraged to participate in formulating policies for sustainable development. The aim should be to integrate environrr1ental and economic .decision-making so that future generations are provided with natu1ral resources, knowledge, skills and man-made physical capital enabling them to fu1lfil their needs. (b) At present, environmental goods are underpriced and even considered as free goods. This has in many cases led to over exploitation. Economic instruments should therefore be used more extensively in the policy mix to contribute to t.he improvement of the quality of life, to motivate consumers and producers to face the environmental consequences of their choices, and to ensure structural adjustme ,nts. This, together with other economic incentives, should encourage investment in the design of products and industrial processes that are energy and resource effic:ient, that enable and require recyling, and that reduce waste and the generation of 
**Analysis**
This text appears to be discussing the relationship between economic development and environmental sustainability, emphasizing the need for sustainable economic activity and the importance of reducing consumption and waste. It also touches on the need for international cooperation and the integration of environmental and economic decision-making.

**Category**
Economic development, Natural resources and environment