peaceandsecurity intheMediterranean. Byvirtueofoursituation atthe junction ofEuropeandAfrica, wehavemaintained aconstant int~~est inthe Conference onSecurity andCo-operation inEuropeinwhichtheMediterranean and itssouthern shoresareoneoftheessential factors. Thesearchforcollective security basedonco-operation risksbeingnomore thanapiouswishunlesstheinternational community succeeds inputting anendto theunbridled armsraceandtheaccumulation bythemajorPowersofincreasingly improved andsophisticated meansofmassdestruction. Thefirstspecial sessionoftheGeneral Assembly devoted todisarmament raisedmanyhopesthrough theFinalDocument andtheimportant measures setout therein. Itmustnevertheless beadmitted, aftersevenyearsofnegotiations in theConference onDisarmament inGeneva, thattheprogress achieved isfarfrom beingsignificant andthattheConference hasbecomeboggeddowninprocedural debates orsterile polemics. Butthesizeofthestakes, involving thefateof mankindasawhole,makesitincumbent onustopersevere unremittingly inour efforts. AsamemberoftheGenevaConference, theKingdom ofMorocco willwork, asithasinthepast,interaliavwithintheGroupof21,topromote concrete and constructive proposals designed tolimitandfreezetheruinous armsrace.JVMI8 A/40/PV.21 26 (Mr.Filali, Morocco) Morethan$800billion hasbeenspentthisyearonarmaments, atatime·when the greatest partoftheworld's population isstruggling withtheendemicevilof underdevelopment. Ifwearetoresolvethiscontradiction wemustmakeaneffort toensurethesuccess oftheforthcoming International Conference onthe Relationship bet:ieen Disarmament andDevelopment, inparticular byinviting allthe countries direcLly concerned toparticipate actively inthepreparatory wOlk. Theproblem ofdevelopment intoday's world,theneed fo~transformation of thestructures oftheworldeconomy andthedemandforan~winternational economic orderareproblems whichcertainly exceedincomplexity theoriginal concerns of thosewhodrafted theCharteroftheunitedNations. Thecurrent disarray intheinternational economy, whichischaracterized bya decline inworldproduction, increased unemployment, thedeterioration oftheterm~ oftrade,theresurgence ofprotectionism, monetary instability andthechronic imbalance ofpayments, theexplosive levelofforeign indebtedness, thereverse transfer ofresources andthedecrease in~ealtermsininternational co-operation meanthattheeconomic crisishasnevergivenrisetosomanydisturbances inthe worldsincetheSecondworldWar.Thiscrisisisnotuniform initseffects. Whereas thecountries oftheSoutharesuffering fromanenormous technological handicap andwitnessing thereappearance ofthescourges offamineandepidemics thatwerethought tohavevanished, thecountries oftheNorth,thankstotheir technical, financial andhumanresources, arenotonlywithstanding thecrisis, but areevenexperiencing acertain upswing ineconomic activity. Atthesametime, theprospects fortheInternational Development Strategy adopted byourAssembly afteragreatdealofeffortarelargely compromised. Facedwithasituation thatislikelytogetworse, wehavereached the conclusion thatinternational assistance, necessary thoughitmaybe,canbe neither equivalent tonorareplacement fortheestablishment ofmorejustandJVM/8 A/40/PV.21 27 (Mr.Filali, Morocco) equitable economic rules. Thisfactaloneshouldencourage thedeveloped world, setting asideallnational egoism,torecognize theneedforaradical changein theinstitutional framework ofinternational economic relations. Whereobligations areconcerned, however, Moroccoasserts withallthe strength atitscommand thatourdevelopment istheprimordial responsibility of ourGovernments, whileremaining atthesametimethisOrganization's priority objective andthemainfocusofinternational co-operation. Inthiscontext wesincerely hopethatthefortieth sessionofthisAssembly willseesubstantial progress inthefinalization ofthecodesofconduct onthe transfer oftechnology andontransnational corporations, intheimplementation of theIntegrated programme forCOJll1.,:»dities andinthelaunching of]lobal negotiations. Forthetimebeing,however, threeproblems ofcrucial importance demandourattention. Thesearetheexternal debtandthereformofthe international monetary system, thecritical economic situation inAfricaand South-South co-operation initsregional andbilateral aspects. Indebtedness world-wide liesattheveryheartofthegreatchanges thatare takingplaceandtheexternal debtofthedeveloping countries, byvirtueofits
**Analysis**
This text appears to be a diplomatic speech or a statement on international relations, focusing on the themes of disarmament, development, and international cooperation. The speaker references the Conference on Security and Co-operation in Europe, the Geneva Conference on Disarmament, and the International Development Strategy, indicating a strong connection to international organizations and global governance. The text also touches on economic issues, such as underdevelopment, foreign debt, and the need for a new international economic order.

**Category**
Economic development, International trade