A/RES/55/187 and national levels in promoting the expansion, diversification and modernization of productive capacities in developing countries and countries with economies in transition; 5. Reaffirms the need, within the existing service modules of the United Nations Industrial Development Organization, for initiatives stretching beyond those associated with economic adjustment and stabilization to support the survival and expansion of manufacturing activity in developing countries, especially in the least developed countries; 6. Emphasizes the necessity of a favourable international and national environment for the industrialization of developing countries, and urges all Governments to adopt and to implement development policies and strategies that promote, within a framework of transparent and accountable industrialization policies, inter alia, enterprise development, foreign direct investment, technological adaptation and innovation, expanded access to markets and effective use of official development assistance to enable developing countries to enhance an environment that is attractive to investment so as to augment and supplement domestic resources for the expansion, diversification and modernization of their industrial production capacity in the context of an open, equitable, non-discriminatory, transparent, multilateral and rule-based international trading system; 7. Acknowledges the interlinkage of globalization and interdependence, and reiterates the importance of the transfer of technology to the developing countries as an effective means of international cooperation in the field of industrial development; 8. Confirms the contribution of industry to social development, especially in the context of the linkages between industry and agriculture, and notes that within the totality of these interlinkages, industry serves as a powerful source of the employment generation, income creation and social integration required for the eradication of poverty; 9. Recognizes the continuing use of official development assistance also for industrial development in the developing countries, and calls upon donor countries and recipient countries to continue to cooperate in their efforts to achieve greater efficiency and effectiveness of official development assistance resources devoted to industrial development cooperation; 10. Emphasizes the importance, for developing countries, of financing for industrial development, including market-based mechanisms and instruments as well as innovative funding modalities, such as co-financing schemes and trust funds, debt-equity swaps and, as appropriate, other debt relief measures and official development assistance specifically designed to strengthen the industrial capacities of developing countries through, inter alia, the facilitation of private capital flows, and, in this regard, requests relevant entities of the United Nations system, including the United Nations Industrial Development Organization and the United Nations Conference on Trade and Development, in the context of their strategic partnership, to support developing countries and countries with economies in transition in their efforts to mobilize resources for industrial development, especially by means of investment promotion activities, the development of small and medium-sized enterprises, an increase in the competitiveness of their exports, the encouragement of practices to promote employment in industries and various forms of business partnerships, such as industrial joint venture schemes, enterprise-to-enterprise cooperation and venture capital funds for industrial development; 2