consideration of other relevant information have confirmed lhat considerable differences of view persist in governnent approacbes to the present internatlonal economic difficulties. These disagreements arise not only from perceived conflicts of national interests but also from different pe(ceptions of the ability and responsibility of Governments lo guide economj.c affairs, irhether naeionally or incernationally. '73. The need to examine and understand the serious international econottlic situation in the mid-I98os has brought greater agreenent in some impoEtant respects, The internat.ional debt situation has demonstrated th. interaclion of trade and finance and the international monetary system as well as the mutualiEy of inlerest in overcoming the present disorder. 14. Although no agreement has been reached so far on an agenda for national and internaeional sleps to improve lhe functioning of the vrorld economy and restore stabiLity, growth and development, the multilaeeral discussions in different forums have in 1985 shonn a certain convergence of views in identiEying problern areas and analysing the i ssues. 75. A first area in lrhich furcher dj.scussions are reguired is the analysis of the current si.tuation and the l-ikely evolution of the vorld economy in the years ahead. The issue is not merely to consider how current differences of opinion influence lhe forecasts, more crucial is to discuss how common inEerests might best be pursued in an international context and to identify the key policy areas' 76, on the basis of the consultalions and the previous analysis, four policy areas seem to deserve particular attention: (a) If covernments are serious about co-ordinating macro-economlc policies among major countries, they mus! address the lack of consistency in the nix of monetary and fiscal policies of key-currency countries, including the possible need^/40/708English Page 18 for official intervenCion in exchange markets in order to reduce the excessive nisalignments and volatility now prevail.ingf
**Analysis**
This text appears to be a discussion about the international economic situation and the need for governments to coordinate their economic policies to address the current difficulties. It mentions the international debt situation, the functioning of the world economy, and the need for countries to pursue common interests in an international context. The text also highlights the importance of analyzing the current situation and identifying key policy areas that require attention.

**Category**
International trade, Economic development