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ENABLING ECONOMIC ENVIRONMENT:

Working Paper No. 1 listed four topics in this priority area: (1) growth with social justice; (2) social dimensions of macroeconomic adjustments; (3) resolving the external debt; and (4) adaptation to a changing global economic environment. During a very brief discussion on this topic, Australia suggested five themes to be addressed within the context of the enabling economic environment: the importance of favorable trade and financial environments; the importance of national macro-economic policies; the need to revise national public expenditure priorities; the role of the taxation system; and national accounting procedures that take into account environmental and human impacts.