text: Arti-c1e 55 of the charter of the UniteC Nations provides that wlth a vievr to creation of conditj.ons of stabilj-ty and well being for peaceful and friendly relations amonqi nations, ttre United Nati.ons shafL promote bigher standards of lj.vinq, full employnent, and con- ditions of economic and social progress and developnent. In conformity with this pro"lsion of the charter and taking into account that the responsibi!.ity for the discharge of the aforesaid functions is vested in the General Assembly and under lts authority in the Economic and Soclat Council, _ the General Assembly ln organising j-ts programne of work during the very first session bad allocated the task to a maln conEnj-ttee, namely, the Second Comnl.ttee. The economic issues have accordi.nqly been dealt wlth prlmarily in that Consnittee throughout the tJrJ.rt1.-nine sessions although economlc matters have at tlmes been dealt wj.th directly in the Plenary and occas5-onall.y in t}re rhi-rd or the Fourth co[Enittee when such matters lte re linked either with social questions or decolonisation issues as the case may be. fhe Fifth Coftnittee has also been concerned with the budge tarY and financlal aspects of the economic progranmes. Apart from ttre Generat Asselibly, economic issues have flgured prominently ln ttre dlscussions ln ttre EconomLc and Social Council as also in t$e Regional Economic Conrniss lonsA/40/126 EngL i sh Page 40 establi.shed 1n accordance with Article 58 of the charter. The reports of the Regional Conanj.ssions as also the ECOSOC have invariablv been debated in the General Assenbly ltseIf. The discusslons in tbe General Assembly on economi.c issues, ',uhj.ch had initially begun wlth sucfi matters as reconsitnrctlon of rrar deva,stated areas, have gradually developed in three dj.rections, namely, (1) technj-ca1 and financial asslstance for economlc develop- ment in developing countries ttrrough the United Nations systemt (ii-) harnessing of resources for development
analysis: The text discusses the role of the United Nations in promoting economic development, particularly in developing countries, through various means such as providing financial and technical assistance, harnessing resources for development, and promoting higher standards of living. The text also mentions the involvement of various UN bodies and committees in addressing economic issues, including the General Assembly, Economic and Social Council, and Regional Economic Commissions.