text: point out thaC drastic adjustments in their domestic economies have already been undertaken or are under way in a large number of these countries, often at great costs in terms of 1olrered living standards, ri.sing unempfoyment, cut-backs in social services and the resulting huftan suffering. The international environment oust be supportive of these efforts, Meanwhile, measures aimed at better crisis management have to be pursued, including stretching out maturiLies and reducing the cost of debt servicing, in an aEmosphere of shared responsibility involving both creditor and debtor countries. both private banks and nultilateral instieutions. 88. Althouqh the largest concentralion of external debt. is in tbe I;tin American countries, the problem j.s not peculiar to that region. The qrowing debt burden of some low-income and least developed countries ha, noE received che attention it deserves, In some of these countries the absolute level of indebtedness rlEy not be very high, but the capacity for adjustment is lovr, particularly in some African countries no!, facing acule econo(r|ic difficulti,es brought aboul largely by exogenous factors.^/ 40/'108 Engli sh Page 22 2. International lrade 89. Developing countries emphasize that adequate growth of their exports is essential for more satisfactory growth of their econornies as weLl as for the solution of lheir debE problem. This condition needs to be fulfilled in the conEext of overall liberalization of international trade, 90. In the years since the Second World l{ar. a significant degree of trade liberalization has been achieved, permitting, or at least accompanying, an impressive growth in world outpue. At che same !ime, the inherent initial difficulties of many developing countries to take advantage of internatj.onal trade came to be recognized' and the need to accord them preferential treatment has been r{idely acknowledged. 91. Developing counlries point out that in recent years there have been increasingly frequent departures from the principles of non-discrimination and
analysis: The text primarily discusses the economic situation of developing countries, specifically their debt burden, trade liberalization, and the need for international support. The language used is formal and technical, indicating a focus on economic policy and development. The text also touches on the human impact of economic decisions, mentioning "human suffering" and "rising unemployment". This suggests that the category should be broad enough to encompass both economic and social aspects.