text: processing networks, facilitating the transfer of information as well as providing improved job skills and opportunities. 62. The growth and interdependence of transnational business also creates a need for international attention to environmental and health issues thc\t mutually affect business and governmental interests throughout the worlc1. Similar international problems are now emerging in product-related health, safety, and guali.ty standards due to the rapid increase and interdependence of world commerce . F'or eKample, in an integrated trading system, the incorporation of sub-standard counterfeit goods in manufactured products or residue pesticide levels in agricultnr<ll produce generate safety and reliability concerns among global consumers. Intern~tionally agreed upon standards and procedures are necessary to avert difficulties that stem from the application of varying national criteria, laws, and regulations. 63. The safe and effective disposal of hazardous waste is anothet· issue that is beginning to receive concerted world attention. The opportunity exists for co-operation between transnational corporations and Governments in planning for future storage and disposal needs, the prevention of accidents ancl/or leakages, and an overall reduction in hazardous waste products. Over recent yec\rs a number of I ••• E/C.10/1990/5 English Page 20 serious incidents involving toxic chemicals, _ radioactive material, and oil spills have forewarned the world community that risks from deficient environmental or safety standards fall not just locally but also regionally and even globally. A new initiative by the United Nations Centre on Transnational Corporations illustrates how the development of international guidelines and co-operative follow-up activities might be used in response to environmental issues. The Centre is exploring the formulation of criteria and principles that corporations could use in planning and managing their international operations, pursuing this exercise in a manner that addresses both public policy concerns and private business interests. Corresponding activities include determining the feasibility of a fund, 
analysis: The text discusses the interconnectedness of global businesses, the need for international cooperation and standardization, and the importance of addressing environmental and health issues. It highlights the challenges posed by the growth of international trade, the need for safe disposal of hazardous waste, and the potential for cooperation between governments and corporations. The text seems to be focused on the intersection of economic development, environmental protection, and international cooperation.