Itisintheprofound awareness ofthesechallenges thatweviewtheurgencythorough restructuring oftheinternational economic order.thedeveloping countries, without. thepromotion ofgenuine interdependence andasustained orlasting recovery, norcantherebeanyacceleration ofdevelopment in.imbalances thatunderlie thecurrent worldeconomic system. Therecanbenobestefforts. Thus,formanydeveloping countries severecontractions intheir havebecomeaharshreality. Forothers, especially inAfrica, crippling worldeconomic recovery willbedurable onlyifitisaccompanied bycomprehensive ofgenuine interdependence amongnations andthereinvigoration ofmultilateralrecovery's expansion throughout theworldhasbeentranslated intoafrustratingly poorperformance inmostofthedeveloping countries. Eventhosewhoseeconomies stagnation, ifnotinfactnegative growth, hastakenholdandposesacriti~al threatnotonlytotheirsocialandpolitical stability butoftentotheirveryadisproportionate shareoftheglobaladjustment process havealsoinhibited their development growthandanominous decline inthelivingstandards oftheirpeoplewereconsidered tobedoingwellhaveexperienced setbacks compared topast Likewise, acutepayment imbalances, exchange ratevolatility andtheimposition ofstaggering debtburdens arebutsomeofthedamaging implications ofthisfailure.performance. Escalating protectionism whichimpedes access tomarkets, plummeting commodity prices, reduced flowsoffinancial resources andtheaccumulation ofMLG/atMLG/at A/40/PV.ll 68 (Mr.Kusumaatmadja, Indonesia) context thatweshouldliketostateagainourcollUllitment totheglobal negotiations. Wealsobelieve thattheInternational Developlent Strategy forthe thirdUnitedNations Development Decade remains absolutely valid. Theinterrelated issuesoftrade,moneyandfinance demandourimmediate attention. International trade,longJ:ecognized asaclassic instrument for promoting mutual economic gain,isincreasingly beingstifled. Indonesia isfully committed toanopeninternational trading systembasedonthep~inciple of differential andfavourable treatment forthedeveloping countries andsupports all efforts aimedattheprogressive dismantling ofprotectionism. Incommodity trade, westrongly support theimplementation oftheIntegrated Programme forCOltlllOdities andthefulloperation oftheCommon Fund. Thedecreased flowofdevelopment finance hasexacerbated thelossofincome duetodiminishing exportearnings and deteriorating ternu;oftrade. Theresultant havocisVividly manifested bythe current debtcl'isis anditsmanyramifications. Asignificant increase inthe transfer ofreal r.~l:iour~es, oc..:hofficial andprivate, istherefore imperative. A creative andcomprehensive response, suchasaninternational conference onmoney andfinance fordevelopment, ascalledforbytheNewDelhiSeventh SummitMeeting oftheMovement ofNon-Aligned Countries should bepursued withurgency. Thecontinuing crisisinAfricaasaconsequence oftherelentless onslaughts ofaprolonged drought andfamineisnotunrelated. Whiletheinternational response hasbeenremarkable, thereisstillatremendous need,beyond eme~gency reliefandcrisis management, inthisfollow-up periodofreadjustment. Medium and long-term development support arerequired ifthecrisisistobeeffectively overcome andiffuturecalamitiesaretobeaverted.* *Mr.Marinescu (Romania), Vice-President, tooktheChair.MLG/at A/40/PV.ll 69 (Mr.Kusuaaatmadja, Indonesia) Inaninternational economic situation wheredisillusionment increasingly reigns, South-South co-operation isnotonlywelcoae butindispensable andits intensification isofparamount importance. Inthisregardthedeliberations of thefourthmeeting oftheInter-Governmental Follow-Up andCo-ordination CORIllittee oftheGroupof77,heldinJakarta afewweeksago,testified totheenduring relevance andsignificant importance oftheCaracas Programe ofAction onEconomic Co-operation amongi.')eveloping Countries. Thestrongendorsement forthepurposeful implementation off:h&tPrograame ofActionregistered atthemeeting isencouraging forthefutureroleofcollective self-reliance intheacceleration of davelopment. Weshouldnotallowthisrene\iedspirit emdrefreshed momentum to dissipate. Another causeforencouragement isthesuccessful outcome oftheWOrld Conference toReview a.."1dAppraise theAchievements oftheunitedNations Decadefor Women,heldinNairobilastJuly. Giventhecrucial roleofwomenindevelopnent, wefullysupport theobjectiv~s contained inthedocument onForward-looking Strategies andtrustthattheycanbesuccessfully fostered andimplemented during theDecadeforwomenandforthebalance ofthiscentury• Asacountry whoseyouthcomprise over60percentofitspopulation, Indonesia- attaches greatimportance totheUnitedNations WorldConference forthe
**Analysis**
The text discusses the challenges facing developing countries, including economic imbalances, debt burdens, and trade restrictions. It also touches on the importance of international cooperation, South-South cooperation, and the role of women in development. The text seems to be focused on the economic and financial aspects of development, with a particular emphasis on international trade, finance, and economic cooperation.

**Category**
Economic development, International trade