text: broad-based so as to reflect the interests of all countries and groups of countries, and to evolve policies that can be supported and implemented by all. The current economic and social problems and the needs of the future are such that no single nation or group of nations can solve them in isolation. They call for a joint effort based on mutuality of interest. What is needed, first and foremost, is to reinstate the development objectives at the centre of international economic co-operation and to bring the focus back to the crucial issues of poverty and underdevelopment. Unfortunately, that perspective has for some time been overshadowed by preoccupations with short-term measures of adjustment. Issues of reform and adjustment can be seen in all their implications and tackled most effectively only if they are firmly put in the developnental oontext. Accelerating developnent requires above all a substantial increase in the next transfer of concessional resources for revitalizing the developnent process in the developing countries and liberating them from the shackles of external debt. To that end, the resource base of international financial institutions requires considerable expansion. The events of the recent past, particularly the emergence of debt crises, have shown that commercial flows are no substitute for multilateral flows. What is needed is not only the management and eventual liquidation of the .}) ;y ' JB/18 A/S-18/PV. 2 83 (Mr. Gujral, India) existing debt problems of developing countries; equally significant is the adoption of anticiP:1tory measures, such as increased concessional financing designed to prevent the emergence of debt crises in countries that have so far avoided the debt trap. With the beginning of the process of nuclear disarmament and vastly improved prospects for conventional disarmament in Europe, there is now a real opportunity for additional resources in significant quantities released from the military 
analysis: The text primarily focuses on the global economic development, highlighting the need for international cooperation to address poverty, underdevelopment, and debt crises. It also touches on the idea of reallocating resources from military spending to development purposes. These themes suggest that the text is more concerned with economic development and international cooperation than with other categories.