to mention the worsening terns of trade between ~the develoPinq and developed countries. In his report, the Secretary-General has pointed out that the rate of growth in many parts of the world was slower in the 1980s than in the 1970s and the 1960s. If international economic relations remain as thev are, prospects for the 1990s do not auge:: well either. Political changes in the world have opened vast potentials for mankind. Those energies and talents had been misdirected in the Past because of ideological rivalries and political conflicts. BCT/ASW A/S-18/PV.S 3-5 (Mr~ Al-Shaali, United Arab Emirates) Present developments place us on firmer qround. It is safe to say that all countries, regardless of their orientation, can achieve proqress and attain more stability if they utilize their pOtential towards co-operation instead of for competition. To that end, all oountries and individuals nust shoulder their common responsibilities and stand toqether in defendinq the riqht to a better life. JVM/3 A/S-18/PV. ~ 6 (Mr. Al-Shaali, United Arab Emirates) The world is fast becoming one interdependent entitv. Everv dav new barriers fall to reveal new potential. The fact that some still cling to the qains they have made at the expense of others, and the persistence of the developed countries to pursue unilateral economic POlicies are evident reflections of a lack of perception on their part, or of their selfish attitude. That the arms race continues today cannot be justified. It has alreadv resulted in the plunder of a qreat deal of mankind • s resources and ingenui tv that should have been diverted towards development. Risinq exoendi tures on armaments and on investment and research in the field of armament are a major drain on the limited resources available for millions of third world children who are 
**Analysis**
The text primarily focuses on the global economic situation, highlighting the worsening terms of trade between developed and developing countries, the need for cooperation instead of competition, and the drain on resources caused by the arms race. While it touches on the idea of utilizing human potential and resources for development, the main emphasis is on the economic and political aspects of international relations.

**Category**
Economic development, International trade