UN General Assembly
1992

developed and developing, but more so on the developing ones. Now is the time for the global community to make an all-out effort for the revitalization of growth. Only a more dynamic world economy can bring about world prosperity and stability. The developing countries are faced with the very difficult task of cushioning their economies against the world economic slowdown. As commodity-dependent economies, they are adversely affected by falling demand for their exports and declining world commodity prices. Commodity prices are at record low levels and are not expected to recover substantially. These difficulties are compounded by continuing protectionist trends, moves towards unilateralism, and managed trade. That is why Myanmar places great importance on a strong multilateral trading system and special significance on the successful conclusion of the Uruguay Round, which is expected to usher in a more open international trade regime. There were, however, a few encouraging signs in 1991. Net transfer through direct investment showed an upward trend. Also, for the first time since the debt crisis in 1982, there was a positive net transfer of financial