text: parties". Mt, delegation believes that it miqht be useful if economic studies concerning the environment could be revised to take into account the current knowledge and developments on that subject. In that wav, alonq with legal and institutional oonsiderations, we oould also have more reliable scientific information on the economic impact of the protection of the environment. Ultimately, trade-offs will have to be made, and one of the problems we shall have JB/31 ' A/S-18/PV.S 147 (Mr. Borq Olivier; Malta) to solve will be how to internalize the costs of Protectinq the environment from further degradation. One way of gauging the success of our current efforts for sound international economic co-operation is qoing to be how far we shall succeed in sharinq the relevant costs in an equitable manner without expectinq the developinq countries to bear the brunt of such costs or to have to contend with new forms of conditionality. When it comes to labour and entrepreneurshiP, we need to assess the qualitv of human-resource development. In that resPect, too, the qap between the developed and the developinq countries has tended to widen and not narrow, in spite of some improvements in a number of developing countries. The discussion on "development with a human face" is apPealinq and mav have qained some qround in developed countries. Still, we are verv far from the imPlementation of true development "with body and soul" for large sectors of the popUlation in the least developed countries and low-incoire countries. The need to eradicate poverty, hunqer and malnutrition is felt as stronqly as ever. We aqree that, as a result of the reduction of international political tensions, resources could be reallocated from defence expenditures to the social sector. In that respect. we should look not onlv towards the powerful developed 
analysis: The text discusses the importance of considering environmental and social factors in economic development, highlighting the need for a more equitable distribution of costs and benefits. It also touches on the theme of "development with a human face" and the need to eradicate poverty, hunger, and malnutrition. These themes suggest that the text is primarily focused on economic development, with a strong emphasis on social and environmental aspects.