forint.rnationa1 economio co-operation inordertocr.atea'upportive international .conomio .nvironment for.u.tained 9rowthanddev.lopment world wide, "Affirmipg then.edforin-depth dhoullion intheappropriate int.rnationa1 in.titution. ofallque.tion. relat~n9 totheco-ordination of macro-economic po1icie., I1Onede1.9ation .ub.equent1y indicated that,haditbeenpre.ent durin9 thevotin9,itwouldhavevot.dinfavourofthedraftrc.o1ution. .AIInacoordance withru1.72oftherule.ofprocedure oftheEconomic and SocialCouncU. -21-"B.aring inmindtheco-ord1Dating fW1ction. oftheEconomic and80chl Council inrelation toalltb.organ., organisation. andbodi••ofthe Unit.dNation••y.t.m,inaccordanc. withArticl••&2and&3oftheCharter of theUnit.dNation., "1.Stron;l,)' dllll.,.r.aa tb.recenttrendtoward.unilateral actionin worldecoDomic affairs "2.EKpr..... it.dllllconcernattheincrealing recoune to di.criminatory practic••andm.a.ur••thatgrav.ly und.rmin. the.piritofthe multilat.ral trading.y.t.m, theprincipl••oftheG.n.ral Agre.m.nt on Tariff. andTrad.,inparticular theprinciple ofnon-di.crimination, andthe obj.ctiv.s oftheUruguay roundofmultilat.ral traden.gotiation., "3.Al.o.Kpr.....it,d'IPconcernatthep.nlltenc. of.tructural imbalanc••intheworld.conomy, whichhavel.dtovolatile .xch.nge rate., continuing highinter••trate.,inflationary pr•••ur••andanunpr.c.d.nted incr••••in.peculativ., nOn-productiv. inv••tm.nt, "4.BlgYI.t. theSecr.tary-G.n.ral topr.pare acompreh.nsive r.porton waysandm.an.of.tr.ngth.ning therolloftheUnitedNation. sy.temin d.aling withint.rnational .conomic r.lation., takingintoaccount thevi.w• ••pr••••dbyd.l.gation. onthecbang••andimbalanc••intheworld.conomy andth.irimpactonint.rnational .conomic co-operation, andto.ubmitthe r.porttothePr.paratory Committ••forthe.p.cial••••ionofthe G.n.ral A••emblyd.vot.d toint.rnational economic co-op.ration, inparticular tother.vit.li.ation of.conomic growthanddev.lopm.nt ofdeveloping countri••, "5.D.cid., toinclud. init.programme ofworkfor1990anitem .ntitled 'Str.ngthening multilateral co-op.ration inint.rnational .conomic relation. ' •" 59.Atthe37thm••ting,on28July,theVic.-Pre.ident ofth.Council, Mr.FelipeHectorPaolillo (Uruguay) introduced adraftre.olution (E/1989/L.44) .ntitl.d "Str.ngth.ning ofmultilat.rel co-op.ration inint.rnational .conomic affair.", submitt.d ontheba.i.oftheinformal con.ultation. h.ldondraft r••olution E/1989/L.30. &0.Atthesam.m.eting, theCouncil adopt.ddr.ftresolution E/1989/L.44. For thefinalt.xt,•••council r.solution 1989/111. &1.Intbelightoftheadoption ofdraftr••olution E/1989/L.44, draftr••olution E/1989/L.30 waswithdrawn. BollofthlUnitldN'tion. inthllarlyid.ntification, ,n'ly.i. 'ndmonitorin; of world.coromic dlyqlopmlnt, &2.Atthe32n4m••ting,on17July,ther.pr.s.ntativ. oftheUnionofSovi.t Socialist Republics introduced adraft resol~tion (E/1989/L.3l) entitl.d "United Nations roleinearlyidentification, analysi. a~wmonitoring ofworld.conomic developm.nts", whichr.adasfollow81 -22-"Th.Economic andSocialCouncil, "R'calling itsr.solution lll88/75 of29July1988, "Emphalidng thecommoninterest instrengthening international co-operatian andtheroleoftheUnitedNations intheeconomic fieldforthe purpo.e ofen.uring amorebalanced andsustained growthanddevelopment of theworld ~conomy, "Acknowledging theimportance ofshort-term andlong-term forecasting of dominant tr.ndsinworld.ocio-economic development, "~l.d;inq allothat.arlyidentification ofmacro-economic di.turbance. i.animportant el.ment inaverting potential crisesatboththe national andinternational levels, "RecogniliD; that.achcountry must.beabletoobtaintimelyinformation onthed.v.lopment ofworld.ocio-economic trend.andproc••••saffecting it. national well-being, "~thatalthough SUddenshocksoccurt"hichhavewOl'1d-wide repercus.ions, theinternational system's cupacity ferearlyidentification of suchpotential trouble spotsisfairlyunfocused, "1.IU.;h;L¥commend. theSecro:ltary-G.n.ral's surv.yofm.chanisms and meanscurr.ntly available withintheUnit.dNations .yst.mforearly identification, monitoring andanalysis ofworld.conomic d.v.lopments, 1/ "2.Acknowledge. thatintheearlyid.ntification ofem.rging problems theUnitedNations syst.mshouldaimatint.grating theanalytical and forecasting activities oftheUnitedNations syst.m, andshouldl "(a)Strengthen information linksbetweenalltheorganisations ofthe Unit.dNations syst.m, "(b)Improveits.xisting m.chanisms andm.an.ofmonitoring global socio··t1conomic trend.andconsider establi.hing infutureacompr.h.nsiv. data