lastyearcontributed aquarter ofabillion dollars. AtJlOSthalfofthatCDe fromprivate donations, thegiftsofindividual menandwo_no Moreover, wehave netstopped providing funds. Wehavemadesure throu9~ theprovision ofaircraft ofthe~yalAirForcethatoursupplies reachthoseIIOstinneedasquickly as localconditions willpermit. Butspontaneous generosity evenonthisscaleoffersnolong-term solution because weliveina,~~,~rldofparadoxes. Someareasoftheworldstillfaceacute hung~r andareunabletofeedthemselves. Otherparts-astonishingly BOreand more-facemounting problems ofover-production. Thepattern ofthisdevelopment isitselfremarkable. Thevastpopulations ofChinaandIndia,despiteallthe prophecies ofdoom,arenowmorethanself-sufficient infood.Increasing reliance ontheenterprise ofindividuals andontheinc'entives ofthemarketplacehasin manycasesprovided thespurtogrowing efficienc-)'. Bycontrast, othercountries, someofthembetterendowed withnatural resources, still fac~ ~~~n~dtoigport food. Andinsomeregiono natural resources arebeingthreatened ordestroyed by over-exploitation whilenearby, sometimes eveninthesamecountry, theyare underdeveloped andunder-used. Ifwearetoresolve thesecontradictions, ensureamorebalanced development oftheworldeconomy andsecurearisingstandard oflivingforallourcitizens, wemustcreateawide~understanding oftl.ereasons forsuccess andfailure.----------------------------------- AMH/14 A/40/PV.9 S2 (SirGeoffrey Bowe, UnitedKingdom) Wemustidentify waystoexploit andyetpreserve ourresources moreeffectively. Wemusttrainourpeoplemoreimaginatively, deployourcollll1Ontechnological knowledge moreskilfully. Wemustshapeourinstitutions andsooieties sothatthe natural foroesofeconomic ohangeandgrowthareencouraged andnotstifled. As \ hasbeenshowninEthiopia, theunitedNations canplayavitalroleinmatching resources toneeds. Sustainable economic growthisessential ifwearetosecureareduotion in thepresent crippling burdenofdebtinmanyoountries. Lastyeartheworld eoonomy grewby4.3percent,thefastestrateforsixyears. Manyoountries have aotedcourageously inmeeting theeconomio andsocialpressures ofadjustment. We haveheardinthisdebate whyitisneoessary forthisdifficult matchofproblems tobehandledsensitively. Thatiswhythereisadutyonusall,aswerespond through theinternational institutions onaoase-by-case basis,totakeaooount of theveryrealproblems facedbydebtorcountries. Wemusttrytooreatethestable framework thatwillenablethemtopursuetheirpolicies ofadjustment. Thatis theimportanoe oftheoontinuing needtoreducedeficits insomeofthe industrialized oountries. AlmostthreeyearsagoIhadtheprivilege ofpresiding asChairman ofthe Interim Committee oftheInternational Monetary Fund(]MP)overasubstantial increase inIMFquotas. Lastyear,attheEconomic SummitinLondon, wewereable toencourage theintroduotion ofmUltiyear rescheduling agreements where appropriate. Weneednowtoaddress ourselves tothelevelofresources available totheWorldBank.Britain wouldliketoseeearlyagreement inprinciple toa general oapitalincrease fortheWorldBankandstandsreadytoplayitspart. Anurgentandcontinuing needisforustosupport andstrengthen theopen trading system. Thisisessential ifwearetoresist pro~ctionism a~densurethatIIAMH/14 A/40/PV.9 53 (SirGeoffrey H~~, UnitedKingdom) o~rtradecontributes totheprosperity ofallcountries, particularly thoseinthe developing world. Wewelcome thefo~thcoming meeting oftheContracting Parties to theGeneral Agreement onTariffs andTrade(GATT)todiscuss anewroundof negotiations. Without suchanewroundtheforcesofprotectionism willgainin strength. Timeisrunning out. Weneednotsimplypreser'le theopentrading systembutalsoseethatitworks moreopenly andmorewidely. Opentrading needstobebroadened toinclude the service industries andtheexpanding economies ofthosecountries thatare' increasing theirindustrial base.Greater stability inworldcurrency marketsis essential. Inparticular, weneedstability atratesthatwillprolllOte the expansion ofworldtraderatherthanincrease protectionist pressures. Thatisthe importance oftheagreement reached inthiscityonlythreedaysagoatthemeeting ofFinance Ministers andcentral bankers ofthemajorindustrialized countries. 5uttheneedtolookaheadisnotconfined toeconomic issues. Weneedthe sameapproach intackling thecomplex political andsecurity issuesthatfaceus. TheSecretary-General hasreminded usoftheextenttowhichthefundamental architecture ofthisOrganization hasbeenflawedbywhathereferstoas"thelack ofthatunanimity ofthepermanent members whichwastohavebeenitsmaindriVing force". Nowhere isthismoreevident thaninthedivision between EastandWest.
**Analysis**
The text discusses the state of the world economy, highlighting the importance of sustainable economic growth, resource management, and international cooperation. It touches on issues related to poverty, hunger, and debt, as well as the need for a balanced development of the world economy. The text also mentions the role of international institutions, such as the United Nations, the International Monetary Fund, and the World Bank, in addressing these challenges.

**Category**
Economic development, International trade