Our initially laid down targets had to be revised since they could not be achieved in view of the structural adjustments our economy had to withstand. Balance of payments and trade-deficit problems also strained our capacity for grOiith. Concomitant with that is the gra-,inq size of our population that has given rise to the twin pressures of unemployment and underemployment. It should be recognized that prosperity cannot be sustained without a base. Such a base provides the market, the source of raw materials, the source of intermediate products, and the source of labour. That base is the developing world. We must all be committed to putting an end to the continuing North-South polarization in the economic sphere, and we must work together towards greater convergence and coherence in national and regional policies. Development for all within a democratic framework should be the single most important goal that all countries must work for, and aim at achieving the progress and prosperity of all people. We should seek to reverse the ·trend of the 1980s and reach an agreement by adequately addressing the pressing interrelated problems of money, finance and development. During the past several rronths, we have witnessed political changes and a worldwide relaxation of political tensions that could not have been foreseeen earlier. Those events dramatically changed the world scenario and paved the way towards lasting world peace. If only such a dramatic change could consciously be initiated in the world economic sphere, we could face the decade of the 1990s with greater hope and optimism. We could initiate that change by strengthening the role of the United Nations as a world economic forum. We should all have the political will to provide more effective means of having multilateral co-operation in the economic field. We 
**Analysis**
The text primarily discusses economic development, globalization, and international cooperation, with a focus on the challenges and opportunities facing developing countries. It touches on the importance of addressing issues such as trade deficits, unemployment, and underemployment, as well as the need for greater cooperation and convergence in national and regional policies.

**Category**
Economic development, International trade