text: Moreover, international economic co-operation isconsidered essential forthe elimination oftradeobstacles, forincreased marketefficiency, forths encouragement ofrespective national economic possibilities, andfortheprevention ofdistortions intrad~flowaswell&sintransfers oftechnology andfinancial resources. International economic co-operation shouldalsotakeaccount ofthe inequalities witnessed intheeconomic development ofthevarious countries, their respective national policies andtheinternational economic environment. Theproblems oimanyheavily indebted countries areacauseofgraveconcern andcanbecome, inthelongterm,athreattopolitical stability. Thedebt problemiscomplex. Anequitable andmutually Agreedsolution canbereached only byanapproach basedondevelopment, withintheframework ofanintegrated, growth-oriented strategy thattakesaccount oftheparticular circumstances ofeach country. Inviewofpastexperience Hithdebtanddevelopment problems, asuccessful debtstrategy shouldbedirected towards achieving thefollowing combined measures: voluntary debtreduction bycommercial banks,serious adjustment efforts bydebtor countries, andchanges inthetuandregulator,Y regimesofindustrial countries. Digitized by Dag Hammarskjöld LibraryrMB/19 A/45/PV.ll 78 (Mr.Somara" GreecA) Nevertheless, realprQgresn canbeachieved onlyifGovernments areprepared to support economic stabilization b~takingtheappropriate measures toadjusttheir own.conomies toprevailing marketconditions. Another serlous problem, ofinternational concern, isthatofpoverty. To copewiththisproblem courageous measure. areneededatboththenational andthe international levels. Atthenational level,asolution cannotbeachieved merely byincreasing socialezpenditure. Whatianeodedlsanincrease inrealgross national product. Tothatendanappropriate institutional framework ahouldbe createdinordertoattract foreigncapital andpromoteprivate investment. Atthe internetio~al level,anIncre~se inbilateral andmultilateral aidtoprevent famine ~4humanSUffering isa80cialmustforourworld. Inthepastfewyearstheproblem oftheenvironment hascometothefore;at presentitconstitute. amajor int.rnatio~al con~.rn. Ourcommunity oughtto develop aneffective environmental policywhichwou14Dotplaceobstacles inthe pathofthQestablishment oftheappropriate industrial infrastructure whileatthe sametimeachieving theoverall development goalsofeachcountry. Greeceattaches theutmostimportance tothe1992UnitedNations Conference, which,webelieve, willadoptanenvironmental strategy basedonthatparticular conceptof sustainable development wh!leatthesametimeensuring thetransfer ofa technology compatible withtheenvironmental projection targetssetbynational ecoDomic policies. Thedramatic increane indrugabuseandintheillicit production ofand trafficking innarcotics constitutes themostserioussocialissueconfronting the international community. Theproblem facingustodayisnotconfined tothe framework ofdrugsormoneylaundering. Rather,itislinkedwithviolence and,in particular, withterrorism andtheil18981 armstrade. Digitized by Dag Hammarskjöld Library!'MB/19 Al45/PV.ll 79 (Mr.Samaral. Grl,C.) Greeceisactively engagedinthefightagainst arugsandiscurrently considering theadoption ofnlwlegislation ~dpolicies totackletheproble~ successfully, Tbedevelopae~t ofeconomic andtraderelations between theEuropean countries andtheMiddleBaathasresulted iDanincreased importance oftheBalkan routefordrugtrafficking. Inordertode.lwiththerelated proble..s~venIIOre effectively, Greeceisco-operating, intbeBuropean Communities, theBalkans end Central Burope, withthecountries concerned withaviewtoreaching agre••nton practical measures. National measure. aloneCaDDotcontainthi.threat. Onlyconcerted international actioncandealeffectively with~edrugproblsminallits aspects. Inthisrespect wecOlIIHnd thttworkoftheUnitedNations and,in particular, theUnitedNations FundforDrugAbuseControl, whichprovides valuable assistance tocountri.s that.Deeditmost.!'lewel«;:ome alsotheadoption atthe seventeenth special sessioaoftheGeneral Assembly, ondrug8,ofthePolitical Declaration andGlobalProg!'amme ofAction, which,wehope,"Ulbeillple.nted by
analysis: The text appears to be a speech or statement by a representative of Greece at the United Nations, discussing various global issues related to international economic cooperation, development, and challenges. The text covers a wide range of topics, including debt, poverty, environment, drugs, and terrorism, but with a focus on their impact on international relations and cooperation.