benefit. Mongolia is trying to broaden co-operation' with international economic organizations at the regional and global levels. We believe that the vital problems of today's world economic relations can and must be resolved solely through the joint efforts of all countries without exception on the basis of equality and mutual respect for each other's legitimate interests. In conclusion, we hope that this session will give fresh impetus to broadening the role of the United Nations system in international co-operation to solve the global economic and social problems. And now I should like to join preceding speakers in congratulating you, Sir, on your unanimous election to the presidency of the General Assembly at its eighteenth special session, devoted to a problem vitally important to the world JVM/7 A/S-18/PV. 5 24 (Mr. Byambasuren, Mongolia) community, especially to the developing countries. Your able leadershiP of the work of the General Assembly's forty-fourth regular and seventeenth special sessions give us every reason for believing that you will make a worthy contribution to a successful outcome of this special session. Mr~ PICKERING (United States of America): "Sometimes it is necessary to think like an economist". With these words an eminent American politician reminded us that desire cannot substitute for decisions and that faith needs acts to become reality. It is now almost trite to say that we are at a turning point in history. We are all a ware of the sweeping and drama tic change under way in the world. This transformation is not confined to Eastern Europe. It concerns economic revitalization as well as political restructuring. The great overriding theme of this change is that past assertions of superior wisdom on the part of governing elites must now yield to a much more modest vision of the State's purpose and role. As a result, individuals and private groups, operating on their own 
**Analysis**
The text discusses the importance of international cooperation and the role of the United Nations in addressing global economic and social problems. It mentions the need for countries to work together on an equal footing and the importance of individual and private groups in driving change. The text does not specifically mention natural resources, environment, agriculture, forestry, fishing, health, education, employment, humanitarian aid, or culture, but it does touch on the theme of economic revitalization and political restructuring.

**Category**
Economic development, International trade