text: developing countries isrequired asanessential condition forthepromotion of environmental protection. Theenhancement andincrease ofinternational co-operation inthisregardwillbecentral toenable developing countries, through financial, scientific andtechnological co-operation, toaddress /...A/AC.233/L.7 English Page8 adequately theirenvironmental problems andparticipate effectively inthe efforts fortheprotection andimprovement oftheglobal environment. Itshould bestressed thatthecommon concerns overenvironmental questions shouldnot,1n anyway,resultinnewrestrictions fordevelopment. Thecorrect national actions should bepromoted through agreements tobereached attheUnited Nations Conference onEnvironment andDevelopment in1992. "Commitments andpollcy directions forthefuture "23.Inanewspiritofsolidarity, theMemberStates standreadytoforge aninternational commitment toundertake thenecessary measures inanintegrated manner towards theimprovement oftheinternational economic environment for.the expansion oftheworldeconomy andforaccelerated economic growth and development ofthedeveloping countries, takingalsointoaccount previous initiatives inthisregard. "24.AllStates agreethatasetofconcrete actions should beimplemented toreverse thesituations thathaveledtotheeconomic stagnation, andinsome casesdecline, thatdeveloping countries havefacedduring thepastdecade. The tendencies thatprevailed inthe19805mustbechanged through co-ordinated, consistent andparallel efforts byallcountries according totheircapacities andrespective impact ontheinternational economy. EachStateandnationis responsible foritsowneconomic policies fordevelopment andforthelifeand well-being ofallitscitizens. However, external conditions areintertwined withthoseofinternal origin andcanreinforce themorcounter themandcause theirfailure. "25.Theopportunity torestore along-term approach todevelopment andto moveawayfromshort-term, adjustment-led patterns should nowbeseized and fullydeveloped. Suchapproach canbebuiltintoanagreement forglobal progress thatensures compatibility ofshortandlong-term policies. higher quality oflifeandgreater equity. "26.Fortheefforts ofthedeveloping countries tosu~ceed. itis essential thatthepattern ofinternational economic rela.tions betransformed intooneconducive tothereactivation ofeconomic growth andsustained development ofdeveloping countries. Thiswillcontribute toadecrease in international interest rates,stability offinancial markets andexchange ~ates whichwillbeofcentral importance insupporting thepolicies ofthedeveloping countries. "27.Inthiscontext, themajorindustrialized nations should ensure sustained worldeconomic growthinastable andharmonious manner. Thefiscal deficit oftheUnitedStates andotherindustrialized countries andthe corresponding surpluses ofthedeveloped countries should becorrected illa co-ordinated andcoherent way,toavoidrecessionary effects anddrastic decreases inaggregate demand andtrade. "28. therefore,Theincreasing internationalization oftheworld bematched withmoresymmetric interdependence.economy must, Anequitable ~nd /...A/AC.233/L.7 English Page9 effective multilateral macro-economic co-ordination willbeessential toensure suchgoal. Thisnewpolicy co-ordination should allowforfullparticipation of countries withdifferent situations, problems andresponsibilities, including developing countries, andshould haveeffective means, mechanisms and appropriate institutional framework formultilateral macro-economic surveillance. "29.Effective macro-economic co-ordination, andinparticular, fiscal discipline arevitalforstable andfavourable conditions intheworldeconomy. Inthiscontext, theco-ordination ofinternational macro-economic policies has tobebroadened totakeaccount oftheconcerns ofallcountries, inparticular
analysis: The text appears to be a document discussing the relationship between economic development, environmental protection, and international cooperation. It highlights the importance of a long-term approach to development, sustainable economic growth, and the need for international coordination to address global economic and environmental challenges. The text also touches on the importance of fiscal discipline and macro-economic co-ordination.