price of comnodities and changes in the composition of international trade, in which products for which natural resources are intensively used lost their relative importance: and an increase in trade restrictions and policies of subsidizing exports, which limited the participation of an important group of developing countries in international trade. These issues have affected two major areas in which there is still no solution: foreign debt and international trade. The two reqions most seriously affected were Africa and Latin America and the Caribbean. This is particularly serious for our region, where democracy as a political system must still be strengthened through economic consolidation. The negative net transfer of resources from developing to developed countries -$200 billion between 1982 and 1989 -has restricted, and will continue to restrict, the possibility of channelling resources towards other sectors which are vital for economic growth. I am referring here to overcoming technological backwardness; eliminating the growing funds of poverty, in absolute as well as in relative terms, the possibility of allocating adequate funds to human resources development, and, finally, the need to preserve the environment within our development processes. JP/jg A/S-18/PV.2 134-135 (Mr. Cavallo, Argentina) Undoubtedly, greater emphasis must be placed on the.international impact of national policies. In the case of Argentina, an ambitious programme of structural reform and fiscal adjustment is being undertaken, a programme that includes action on the following matters: State reform, a privatization programme, tax reform, fre:! markets, priority to private initiative in investment and production; and elimination of privileges for the most powerful. In this regard, I stress that my Government is making the greatest possible internal efforts to effect a lasting structural solution of all the issues that have affected the Argentine economy for more than a decade, which can be summarized 
**Analysis**
The text discusses the economic issues faced by developing countries, particularly in Africa and Latin America and the Caribbean, such as foreign debt, trade restrictions, and lack of access to natural resources. It also touches on the need for structural reforms and fiscal adjustments to address these issues. The text does not specifically mention natural resources, agriculture, forestry, fishing, health, education, employment, humanitarian aid, culture, or science and technology.

**Category**
Economic development, International trade