his most useful and comprehensive report on the current status of our international economic co-operation as it relates to the economic-development needs of the developing countries. Together with his introductory statement at this special session, the Secretary-General has set for this general dsbate a very important and useful basis on which the Assembly can adopt some creative and constructive strategic guidelines for international economic co-operation and development. We are also pleased with the collective views presented by the respective Chairmen of the Group of 77 and the Non-Aligned Movement at the commencement of our deliberations on the relevant issues. Papua New Guinea associates itself with those well-co-ordinated views. This special session is taking place at an aporopriate time, when the winds of change are sweeping through tbs globe, especially in Eastern Europe, southern Africa and Latin America. As the Austrian Vice-Chancellor, Mr. Joseph Reigler, said - and I am quoting from the text of his statement distributed in the General Assembly Ball: BCT/bq A/S-18/PV.9 49-50 (Mr; Lohia, Papua New Guinea ) "In Europe the iron curtain, the Berlin Wall and the minefields that have divided our continent for over 40 years have been torn down and removed. We are in the process of building a new European house, a house where freedom, democracy and human dignity will be the guiding principles. One-partv regimes, centrally planned economies and repressive bureaucracies are becoming past history." It is pleasing to acknowledge that this "... new European house does not stand alone but forms an integral part of our common global village" - and, like Austria, other countries in Europe and North America should not forget their friends and partners for development in the developing countries. After all, we all need and depend on each other . This special session should give some serious consideration to the human 
**Analysis**
The text primarily focuses on international economic cooperation and development, with references to the economic needs of developing countries, the importance of freedom, democracy, and human dignity, and the need for cooperation and mutual dependence among countries. It also mentions the transformation of Eastern Europe and the fall of the Berlin Wall, which suggests a broader context of global change.

**Category**
Economic development, International trade