text: tend to focus on symptoms rather than on the basic ailment - in this case the creeping paralysis that afflicts multilateralism. Moreover, the Committee firmly believes that it is by facing up to that basic condition that Governments can enlarge hope for an enlightened and corrective response to it and to the many other problems it creates or aggravates. Far from accepting, therefore, that the threat to multilateralism portends a darkening fate for mankind the Committee urged that the many manifestations of its damaging implications for development and world economic recovery should strengthen the resolve of the international community to reverse it and to resume the upward path of global co-operation for human betterment. It is against this background of conviction that countries have it within their collective power to overcome the major economic problems confronting the world that, in section C below, the report will focus on some of the imperfections in the current world economic situation and in the condition of and prospects for development. B. The need for a stronger multilateral response 1. The case for multilateralism 20. The essential case for multilateral co-operation rests on the fact that in an increasingly interdependent world in which the network of economic relations is intensifying, international rules, codes and other policy actions are required to pursue expanding opportunities to advance common and mutual interests among nations. Such co-operation implies a sense of shared responsibility for human welfare - a perception of human solidarity. It also implies acceptance of the need to seek consensus in the international community on collective responses to that responsibility. And at the heart of multilateralism lies the aspiration for an increasingly democratic world. The ultimate objectives of co-operation in the economic sphere are full employment, development, the eradication of poverty and 
analysis: The text appears to be discussing the state of multilateralism and its impact on global economic development, cooperation, and human welfare. The language used suggests a focus on international relations, economic systems, and the well-being of humanity, rather than specific sectors like industry or agriculture. The text also touches on the concept of shared responsibility and consensus-building among nations, which implies a broader context beyond a single category.