anddeveloping countries. Inthiscontext, reference wasmadetoGeneral Assembly resolution 39/235onindustrial restructuring andredeployment -whichstressed the interdependence ofallStatesasabasisforinternational economic co-operation. TheUNIDOpublication Industry andDevelopment, GlobalReport 19851/alsoprovided arealistic framework forworldindustrial development sinceitindicated the benefits thatcouldbederived bybothdeveloped anddeveloping countries if progress wasmadetowards theLimatarget. Itwassuggested thattheBoardrequest thesecretariat tofurther develop theproposals contained inthatreport, particularly withregardtoSouth-South co-operation. 44.South-South co-operation, itwasstated, couldassistthedeveloping countries toreducetheirdependence ontheindustrialized worldandutilize theirresources inamoreeffective manner, benefiting eventheindustrialized countries. Itwas alsoobserved thatthereinforcement ofSouth-South relat.ions insuchareasas trade,science andtechnology, production andtraining, wouldfurther theeconomic andsocialdevelopment oftherespective countries andleadtotheestablishment of newequitable international relations. Itwasgratifying thattheFourthGeneral Conference ofUNIDOhadattached highpriority totheconcept ofeconomic co-operation amongdeveloping countries. 45.Itwasstatedthatpeacewasanessential pre-condition forindustrial development indeveloping countries; however, tensions ininternational relations andtheunprecedented escalation ofthearmsracewerementioned asjeopardizi~g peaceandsecurity intheworld. Consequently, itwassaidthatUNIDOshould, withintheframework ofthefortieth anniversary ofthefounding oftheUnited Nations andoftheInternational YearofPeacein1986,takeamoreactiveinterest intherelationship between disarmament andindustrial development. Inthat -11-! lconnection, attention wasdrawntotherecentcommemoration ofthefortieth anniversary ofthevictory overnazismandfascism, aneventwhich,itwasstated, hadprovedthatStateswithdifferent socio-economic andpolitical systems could co-operate successfully inissuesaffecting thewholeofmankind. 46.Financing wasconsidered themainproblem facedbydeveloping countries in theirindustrial development andamajorobstacle totheattainment oftheLima target. Thefundsneededfortheindustrialization ofthedeveloping world,itwas stated, couldnotbederived solelyfromadjustments ofinternal policies andfrom internal financing bythedeveloping countries themselves: concerted efforts were neededfromtheinternational community. Inthatconnection, anappropriate mixof resources including development assistance, official loans,non-concessional bank loansanddirectinvestment wasconsidered necessary. Itwas'pointed outthat,by halting thearmsrace,andinparticular bypreventing themilitarization ofouter space,additional financial resources couldbemadeavailable fortheprocess of industrialization. Itwasalsoobserved thatconcrete proposals putforwardatthe General Assembly forexamining thelinkages between disarmament anddevelopment had notbeenfollowed upandthatquestions related todisarmament shouldbedealtwith inthecompetent forumsoftheUnitedNations system. 47.Itwasnotedwithregretthatnoagreement hadbeenreached bythe General Assembly onthedraftresolution oftheFourthGeneral Conference on mobilization offinancial resources forindustrial development. Thedeveloped countries wereurgedtojoinefforts towards convening aninternational conference on.moneyandfinance fordevelopment, andlaunching globalnegotiations for international economic co-operation fordevelopment ascalledforbytheGeneral Assembly. Renewed interest wasvoicedfortheproposal foraninternational bank onindustrial development inviewofthelackofconsideration ofalternative mechanisms forinternational financing ofindustrial development. Ontheother handtheviewwasexpressed thattheideaofthebankhadalready beenabandoned. Another viewwasthattheparties concerned mighttacklethequestion experimentally attheregional level,without involving UNIDOin'theinitial phases. 48.Oneoftherecurrent concerns ofthedeveloping countries wasthattheir efforts towards industrialization shouldbesupported byadequate technical co-operation programmes financed fromdifferent sources offunds. Anappealwas madeforanincrease inthefinancial resources oftheneworganization
**Analysis**
The text primarily focuses on the development of industries in developing countries, discussing the importance of international cooperation, financing, and disarmament. It also touches on the need for technical cooperation and the role of the United Nations Industrial Development Organization (UNIDO) in promoting industrial development.

**Category**
Economic development, Industry