text: imroses on the developinq world. At the same time most ooor countries face a oroblem of over-oopula tion and its traqic consequences. In addi tim to increas inq direct aid for alleviatinq shortaqes of schools, hospitals, housinq and so on, develoPed nations mav helP throuqh indirect aid desiqned to develoP the human factor, such as increas inq the number of university Places and scholar shiPS for students from developinq countries, and makinq available more technical advice for the improvement of developinq countries' domestic educational systens. To be effective, multilateral actioo to tackle the Problems of the developinq countries nust be supported by effective economic policies at the national level. I would like to cite the case of my own country, O{prus, to make the roint. Today the eoonomy of the RePUblic of Cyprus is thrivinq despite the eoonomic havoc wreacked by the invasion and occu.,::atioo of nearly 40 per cent of the country's terr itorv by Turkey in 1974, with hiqh qrCMth rates of the order of 6 per cent Per annum, a lCM annual inflation rate of aPProximately 3.5 Per cent and virtuallY zero unemployment. We succeeded as a direct result of maintaininq an oPen market economy in a properly functiooinq denocratic envirooment within which the Government actively encouraqed the creative ability of the hardworkinq and able Cypriot workers and entrepreneurs. RH/6 A/S-18/PV. 6 22 (President Vass il iou) When Cyprus gained its independence in 1960, the small island Republic, poor in natural resources, had no industry to speak of, while its poPUlation was dePleted by economic emi qra tion. The first period of industrialization after independence was thus centred on import substitution and was accomPanied by calls for Protectionism, which the Government met Promptly with the introduction of hiqh tariffs. Very quickly, hOI'ITever, over-capacity was created even in initially 
analysis: The text primarily discusses the challenges faced by developing countries, including overpopulation and its consequences, and proposes ways to address these issues through economic policies and international cooperation. It also provides a specific example of a country, Cyprus, which has achieved economic success through maintaining an open market economy and encouraging the creative ability of its workers and entrepreneurs.