text: preparations fortheinternational development strategy forthefourthUnited Nations development decade. 22.TheCommission tooknoteofthereportoftheSecretary-General ontheroleof transnational corporations intheleastdeveloped countries (E/C.10/l989/6). It requested theSecretariat toparticipate fullyinthereviewoftheimplementation oftheSubstantial NewProgramme ofActionfortheLeastDeveloped Countries. -19-J 1 11 11! ·1 •..,.·.1. '1 1 "I '~1 ;] Actiyities oftheUnitedNations Centre onTransnational Corporations related toeconomic co-operation among developing countries 23.Atthe6thmeeting, on10April1989,theobserver forMalaysia, 121onbehalf oftheStates Members oftheUnitedNations thataremembers oftheGroupof77, introduced adraftresolution (E/C.10/1989/L.4) entitled "Activities oftheUnited Nations Centre onTransnational Corporations related toeconomic co-operation among developing countries". 24.Atthe13thmeeting, on14April,theSecretary oftheCommission readoutthe following revisions tothedraftresolution whichhadbeenagreedtoduring informal consultations: (a)Thewords"ingeneral andjointventures amongnational corporations of developing countries" inthethirdpreambular paragraph werereplaced bythewords "ingeneral andofjointventures andotheralternative andnewformsof international economic co-operation amongnational corporations fromdifferent developing countries"; (b)Afourthpreambular paragraph wasadded,reading: "Encouraged bythefactthatthele'astdeveloped amongthedeveloping countries receive asizeable portion oftheirforeign investment from developing countries"; (c)Thewords"national corporations ofdeveloping countries" inoperative paragraph 2werereplaced bythewords"national corporations fromdifferent developing countries"; (d)Anewoperative paragraph wasinserted afteroperative paragraph 2, reading: "Invites theCentre toexplore thepossibilities forfurther increasing theco-operation between theleastdeveloped countries andotherdeveloping countries inthefieldofforeign investment". 25.Atthesamemeeting, theCommission adopted thedraftresolution, asorally revised (seechap.I,sect.A,draftresolution I). Recenttrendsconcerning transnational corporations and international economic relations 26.Atthe10thmeeting, on12April1989,theobserver forMalaysia, 121on behalfoftheStates Members oftheUnitedNations thataremembers oftheGroup of77,introduced adraftresolution (E/C.10/1989/L.5) entitled "Recent trends concerning transnational corporations andinternational economic relations". 121Inaccordance withrule72oftherulesofprocedure oftheEconomic and SocialCouncil. -20- I I Lf i 19 I I27.Atthe13thmeeting, on14April,theSecretary oftheCommission madea statement. 28.Atthesamemeeting, theSecretary readoutthefollowing revisions tothe draftresolution whichhadbeenagreedtoduring informal consultations: (a)Thefourth andfifthpreambular paragraphs, whichhadread: "Awareoftheinterrelationship between thegeographical andsectoral distribution oftheactivities oftransnational corporations, andtnefiscal andstructural imbalances ofthedeveloped countries, whichhaveamajor impact ontheworldeconomy, "Concerned thattransnational corporations areincreasingly shifting theiroperations tomajormarket economy industrialized countries, thus depriving developing countries offinancial andtechnological resources that couldcontribute totheireconomic andsocial development", werereplaced bythefollowing texts: "Aware,ofthefactthatstructural imbalances intheeconomies ofmajor actorsintheworldeconomy haveanimpact oninvestment flows,including thosetodeveloping countries, "Noting thatmarket economy industrialized countries increasingly attract foreign directinvestment inasituation inwhichdeveloping countries increasingly facelimitations onfinancial andtechnological resources that couldcontribute totheireconomic andsocial development"; (b)Inoperative paragraph 1,thephrase"areportanalysing andmaking recommendations onwaysandmeansofchanging thosetrends andtoincrease
analysis: The text appears to be discussing international economic development, focusing on the role of transnational corporations and their impact on developing countries. It mentions the United Nations' efforts to review the implementation of the Substantial New Programme of Action for the Least Developed Countries and the activities of the United Nations Centre on Transnational Corporations. The language used is technical and formal, suggesting a focus on economic policy and development.