region, but for the entire world -of the Bonn Conference of the Conference on Security and Co-operation in Europe (CSCE}, which has opened up new vistas in economic, scientific, technological and environmental co-operation in Europe and North America. It is a welcome development that the Bonn meeting lacked even the shadow of past East-West confrontation, animosity and distrust. The forward-oriented Document adopted there radiates a spirit that helps create conditions for overcominq the unnatural di. vision of Europe and paves the way for converging the economic systems of our continent, on the basis of the principles of market and private initiatives. This process is a most important pre-condition of creating a new Europe as well as realizinq the lofty goals of this world Organization. JP/ASW A/S-18/PV.S 74 (Mr. Somogyi, Hungary) In accordance ,with its coherent economic polcy, Hungary intends to contribute through its d:>mestic changes as well as its redefined activity in international economic co-operation, including the multilateral institutions, to the emergence of a world economic system which is actively supportive of the goals of sustainable global development. In this spirit we do not deny the validity of the 0. 7 per cent target of the official development assistance regime as a widely respected international norm, but we hold that it should be approached by all countries with due provision for differences in stages and levels of development, which have, indeed, a decisive impact on the very status of everv country in this regard. In spite of its transitional status, and the inevitable constraints associated with that, Hungary will do its best to provide, on humanitarian grounds, concessional, emergency assistance to the neediest. But, emergency cases notwithstanding, the governing princiPle of Hungary's expanding economic relations with developing countries will be the norm of far-sighted mutual advantage. We are aware of the concern expressed by some developing countries about the 
**Analysis**
The text appears to be a speech or statement by Hungary at a international conference, discussing its economic policy and its intentions to contribute to global economic development. The text mentions sustainable development, official development assistance, and emergency assistance, indicating a focus on economic cooperation and aid. However, it also touches on the importance of market and private initiatives, suggesting a broader economic development focus.

**Category**
Economic development, International trade, Humanitarian aid and relief