should continue into the decade of the 1990s and beyond. The challenges of the 1990s are indeed daunting. The difficulties involved in reversing the trends of the 1980s are enormous. That 1990 has begun on an auspicious note gives reason for hope. There is an increasing awareness of and growing alarm over the situation, resulting in efforts to alleviate these problems. If, indeed~ this mounting concern over the current unhealthy state of the world economy can be translated into improved international economic co-operation leading to concrete commitments and action, we would have given development a new lease on life. My delegation considers the consensus commitment of the international community to convene this special session is but one such manifestation. The unanimous decision of the Member States on the need to formulate an international development strategy for the Fourth United Nations Development Decade is another. The resolution to convene the United Nations Conference on Environment and Development in 1992 and the commencement of its preparatory process in earnest represent another significant co-operative step. These undertakings are of immense significance, and their success or failure will determine the state of the JVM/4 A/S-18/PV.lO 5 (Mr~·Tsherinq, Bhutan) world economy and the quality of human life. The outcome of this special session should therefore Provide broad ool icy Qu idel ines for future international economic co-oPeration to ensure Qrowth and develoPment. EMS/5 A/S-18/PV.lO 6 (~r~ Tsherinq, Bhutanl The decision to convene the second United Nations Conference on the Least Developed Countries in September of this year is also sianificant. M.'l deleaation considers that Conference to be timely and essential for addressina the serious economic difficulties afflictinq the least developed countries. We hooe that, learninq from past experience, the Conference will be able to aqree on a 
**Analysis**
The text discusses the challenges and opportunities for economic development in the 1990s, mentioning international economic cooperation, the formulation of an international development strategy, and the importance of addressing the economic difficulties faced by the least developed countries. The text also touches on environmental concerns, such as the United Nations Conference on Environment and Development. Overall, the text seems to focus on the broader economic and development issues rather than specific sectors like agriculture or industry.

**Category**
Economic development, International trade