alone.· We have also learned, however, that the most careful policy formulation and implementation may be to little avail if the international economic environment is not conducive to sustainable and sustained growth. We should also acknowledge the constructive role Played by the existing institutional framework within the United Nations system, which has been mandated to address global financial, trade and development issues. New Zealand reaffirms its full support for the role of the Bretton Woods institutions, as well as the General Agreement on Tariffs and Trade (GATT). We are encouraged by the increasing interest of a number of non-member countries in their activities. Economic progress gained by some at the expense of others is not an acceptable goal. Those developing countries which have been left behind in the last decade must be reintegrated. The commitment of the creditor nations must be founded on more than a concern about the ability of the debtors to meet their repayment schedules. The present debt crisis imposes a crushing burden on many developing countries. Alleviation of that burden -turning around the net outflow of capital away from the developinq countries -is urgently needed. Every nation must have a chance to develop its productive capacity. If not, it will remain a dependent of us all. The special plight of the least developed countries requires our special attention. The reality of low per capita incomes is malnourishment of large parts of the population, a shortened life expectancy, hiqh infant rnortali tv and widespread incidence of diseases largely eradicated in other societies. It also means an absence of domestic resources for the development of physical assets and people. Greater efforts to assist the least developed countries is a moral imperative for us all. The continuallY evolving nature of the global economv requires structural 
**Analysis**
The text discusses the importance of international cooperation and the role of institutions in promoting sustainable and sustained economic growth. It highlights the challenges faced by developing countries, including debt crisis, low per capita incomes, and limited resources. The text also emphasizes the need to address the special plight of the least developed countries and to ensure that every nation has a chance to develop its productive capacity.

**Category**
Economic development, International trade