text: accepted that the full utilization of human resources also required that human riqhts be quaranteed to each individual. Similarly, economic policies, however sound, can be ineffective if the human institutions that must imPlement them are ineffective. Development requires motivated Participation by both women and men, effective administration, education, leqal systems, financial institutions and voluntary community-based groups as much as it requires resources; development in social infrastructure needs to occur in conjunction with the development of economic infrastructure. We are now closer to agreement on the importance of social and participatory elements in development. Some fear that the breathtaking developments in Eastern Europe are not an unalloyed blessinq and that development assistance, capital flows, debt-service costs and trade opportunities for developinq countries may be neqatively affected. Developed countries must do all in their power to ensure that poorer countries do JP/ASW A/S-18/PV.6 109 (Mr. Wilenski, Australia) not bear the costs of any negative and transi tiona! side effects of what is clearly overall a very positive process. As the more secure international strategic environment prompts developed countries to devote less of their resources to defence expenditure, developing countries can legitimately expect to participate, directly and indirectlY, in the allocation of the peac.e dividend. The very significant costs to many developing countries of regional conflicts, many of which were exacerbated by the cold war, should also diminish as qlobal tensions are dissioated. The time is riPe for many develoPing countries also to realize the benefits of their own peace dividends bv reducing their own mili tarv exPenditure. In the longer term, developing countries can expect to benefit from the economic integration of East and West, but the longer term may be too long to wait. In the past the main barrier to productive discussions on development in the 
analysis: The text discusses the importance of social and participatory elements in development, highlighting the need for human rights, effective administration, education, and motivated participation from both women and men. It also touches on the impact of global events, such as the end of the Cold War, on development and the need for developed countries to support developing countries. The text appears to be focused on the broader aspects of development, rather than specific sectors or issues.