nationally organized but functionally interdependent securities and commodities markets. International standards and co-ordination would help manage potentially destabilizing spillover effects while enhancing the efficiency and ensuring the integrity of market procedures. These efforts could lead to appropriate international standards of accountin g, auditing and registration; promote bett.er dissemination of information; and create international prohibitions against fraudulent conduct such as insider trading and market manipulation. Moreover, further steps,might need to be taken to facilitate develop ing country access to established securities markets, while assisting in the mobilization of their own financial resources. These steps could lay the basis for the progressive incorporation of emerging markets into an internationa lly co-ordinated network that could exploit the efficiency of increased interdependence while minimizing the costs and risks involved in international financial transactions. 60. Recent efforts in the Uruguay Round of multilateral trade negotiations towards dismantling governmental measures that represent barriers to international trade, under the overall .notion of trade-related investment measures and trade-related intellectual property measures, have also underscored the importance of certain restrictive business practices by transnational corporations, such as transfe r pricing and restrictive business practices, as having potentially more distorting effects on international trade. The provisions of the code dealing with these issues could provide a basis for developing specific norms and procedures aimed at avoiding the negative effects of such practices. 61. Other business sectors offer similar opportunities to promote a framework that can sustain the further expansion .of integrated world commerce, helping to bridge the gaps between economic regions. Many types of subcontracting ·arrangements can promote the beneficial integration of business across national boundaries, provided that the internationa l community can co-operate to minimize unnecessarily restrictive governmenta l policies. Improved technology also now allows for communications systems that tie developing countries into transnational data 
**Analysis**
The text discusses the importance of international coordination and standards in promoting efficient and stable financial markets, as well as the need to address issues such as fraudulent conduct, restrictive business practices, and government policies that hinder international trade. It also touches on the role of technology in facilitating international transactions. Given the focus on financial markets, trade, and economic integration, it is likely that the text is related to economic development and international trade.

**Category**
International trade, Economic development