text: United Nations has been the tendency of delegations to take an all-or-nothing approach -to insist that either domestic POlicies or international conditions are entirely to blama for development failures. Generally speakinq, those countries that have benefit:ed from a benign international economic environment in recent years, due to lower enerqy and comi'IOdi ty prices and lower trade barriers to their major exports, have tended to attribute their success to the sound economic and social policies they have implemented, while those in perpetual political and economic chaos which lack the will and structures to undertake difficult domestic reforms have tended to blame the international economic environment. Australia's <"Mn experiences in attempting to promote the development of our commodi tv-based economy in an era of lCM comnodi tv Prices and hiqh interest rates suggests to us that international events and domestic POlicies are both important. The logical conclusion of this discussion is that no one country is without resPOnsibility for the revival of the world economy and for the revitalization of the development process. JP/'MM A/S-18/PV.6 110 (Mr. Wilenski, Australia) Overcominq the debt problems of develoPinq countries is obviously one of the most urqent tasks. The persistence throuqh the 1980s of these problems, created by the decisions of both those who borrowed and those who lent the funds, has inflicted heavy damaqe and traqic human costs on a larqe number of developinq countries. These debt problems are primarily responsible for the current net transfer of resources from developinq countries to developed ones. There is a need to reverse this flew throuqh means that increase the availability of external finance, support structural adjustment and reduce interest rates and the debt burden, recognizinq that the rational use of resources is no less important than their volume. JSM/ad A/S-18/PV. 6 111 CMr. Wil ensk i, Australia) 
analysis: The text discusses the relationship between international economic conditions and domestic policies in the context of development failures and debt problems in developing countries. It highlights the need for a balanced approach that takes into account both international and domestic factors. The text also mentions the impact of debt problems on developing countries and the need to reverse the current flow of resources from developing to developed countries.